🔥 $FOGO Approaches a Tipping Point
FOGO is currently hovering at $0.02343 (+3.72%), staying above EMA7 and EMA25, facing resistance near $0.02352 — short-term price action shows resilience.
However, momentum paints a contrasting picture:
MACD signals a bearish crossover despite the uptick
$70.8K net outflows in the past hour
Big traders offloaded $59.1K
Whales are holding 2.7x more shorts than longs (207 shorts vs 77 longs)
Short average: $0.0232 (profitable) | Long average: $0.0314 (losing)
Market mood is extreme fear (13), yet social chatter remains optimistic — a textbook mixed-signal scenario.
Key levels:
Support: $0.0230 / $0.0227
Resistance: $0.0300 / $0.0314
Watch for a decisive move:
Above $0.0314 → potential short squeeze
Below $0.0230 → bearish pressure likely intensifies
FOGO isn’t trending yet it’s compressing energy, waiting for a breakout or breakdown.