2026-01-18 09:24:24

FOGO recently dropped nearly 9 points, now entering a correction phase. But don't worry, this is mostly normal profit-taking, and there’s no sign of panic selling. The price trend remains orderly, as the market digests previous volatility.

Let's look at key levels. The main support is around 0.0335 to 0.0340—this area is crucial. If buyers can hold this level, a rebound will have a solid foundation. Further down, 0.0310 is an important support; avoid breaking below it easily.

On the resistance side, recent pressure is at 0.0375. To truly break through, the price needs to overcome 0.0400. A strong breakout could target 0.0425.

In terms of trading strategy, during shallow corrections, focus on the reaction at support levels. If the support rebounds weakly, it usually indicates more downside potential. Conversely, a strong rebound suggests a chance to test the rebound target at 0.0375. If stability improves, the next target could be 0.0400, with an aggressive extension towards 0.0425.

FOGO-10,63%

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consensus_failure

· 7h ago

Basically, it's whether you can hold onto the 0.0335 bet. The recent adjustment of FOGO is still acceptable; it mainly depends on how strong the rebound will be. Once the 0.0310 line is broken, it will be troublesome. We'll see then.

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OnchainArchaeologist

· 7h ago

0.0335 If I can't hold it, I'll just withdraw directly, no need to play with it This wave is just a shakeout, don't be scared out Feels like the 0.0310 line is hanging, if it really drops down, it's game over Rebound to 0.0375 and then run, greed doesn't lead to good outcomes Getting a bit tired, wait until there's volume at 0.0340 before considering adding Honestly, it still depends on whether there's buy support; otherwise, it will continue to drop

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MetaReckt

· 7h ago

0.0335 if you can't hold it, just go directly to 0.0310, no middle ground FOGO this wave is just a shakeout, don't be scared out wait for the rebound to 0.0375 before talking, it's a bit early to enter now another profit-taking sell-off, I've heard it too many times haha support level weak rebound = continue to fall, I bet it will go down further 0.0425 don't even think about it, first hold 0.0340 and then talk feeling this round of correction is far from over, a bit uncertain

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GasWrangler

· 7h ago

honestly if you actually analyze the mempool dynamics here, this 9-point correction is demonstrably just priority fee arbitrage noise. everyone's obsessing over 0.0335-0.0340 but technically speaking? that's a sub-optimal support level if you look at the transaction throughput data

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HypotheticalLiquidator

· 7h ago

Support levels rebound too weakly, this is the real risk signal—don't be fooled by the notion of profit-taking selling. Once 0.0310 is broken, the dominoes will start to fall. The health factor is gradually deteriorating, and with high borrowing rates, this correction may not be so "normal." Weak rebounds mean insufficient buying strength; no one can stop the subsequent downward space. A 9-point decline may seem small, but in a high leverage environment, it can trigger a chain of liquidations. In the deleveraging cycle, all support levels are fragile; what truly tests liquidity is near the liquidation price.

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