$FOGO /USDT is calm on the surface… but the chart tells a different story.

Current price: 0.02483

Up 1.39% in 24h

24h High: 0.02697

24h Low: 0.02446

Volume: 234.73M FOGO traded

That’s not quiet volume. That’s rotation happening.

On the 15m chart, structure is clearly under pressure.

MA setup:

MA(7): 0.02485

MA(25): 0.02526

MA(99): 0.02531

Price is sitting below the 25 and 99 MA, and the short-term MA is curling down right at current levels. That’s short-term weakness, not strength.

The rejection from 0.02697 was decisive. Since then, we’ve seen consistent lower highs and lower lows, sliding all the way to 0.02468. The small bounce happening now feels more like relief than reversal.

But here’s the interesting part — despite the downtrend, price hasn’t collapsed. It’s stabilizing just above the 24h low. That suggests buyers are defending this zone.

If 0.02446 breaks, pressure likely accelerates.

If 0.0253–0.0255 gets reclaimed with volume, sentiment flips fast.

Right now, FOGO feels like it’s balancing on a thin line. Not exciting yet… but one strong move either way could wake it up.