$FOGO /USDT Analysis: Finding Support or Further Dip? 📉

​FOGO is currently testing a crucial support level around 0.02100. Looking at the 1D chart, the price has seen a significant correction from its recent highs.

​Key Observations:

​Current Price: 0.02100 (-6.75%)

​Trend: The price is currently trading below the MA(7) and MA(25), indicating a strong bearish momentum in the short term.

​Volume: We saw a massive volume spike recently, but the price is struggling to hold its ground.

​Next Move: Keep a close eye on the 0.02094 support. If it breaks, we might see more downside. However, if it holds, a relief bounce could be on the cards.

​What are your thoughts on #FOGO? Is it a good time to "Buy the Dip" or wait for a clearer trend? Let me know in the comments! 👇

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