Is $FOGO
Finally Bottoming Out? Why the Next 48 Hours are Critical! 🚨
The Current State of $FOGO
After the massive hype surrounding its January 15 launch, Fogo is currently in a classic "cooling phase." It’s trading around $0.020, roughly 65% down from its $0.063 peak.
Key Insights for your Post:
The Support Floor: The $0.0199 - $0.0200 range is the primary line in the sand. We’ve seen buyers step in here over the last 24 hours. A bounce here could confirm a "double bottom" on the 4H chart.
Airdrop Overhang: Remember, the claim portal for the 22,300 early users stays open until April 15, 2026. This means "sell-side" pressure isn't gone; it's just slowing down.
The Macro Drag: FOGO isn't dropping in a vacuum. With Bitcoin ($BTC) struggling to hold $68,000 due to US budget uncertainty (the Feb 13 deadline), most high-beta altcoins like FOGO are seeing capital flight to safety.
Bullish Divergence: On the 4-hour RSI, we are seeing a slight bullish divergence. Price is making lower lows, but momentum is ticking up—often a precursor to a relief rally.