$FOGO is in a clear corrective phase after rejection from the 0.031 supply zone. The market has been printing lower highs, confirming distribution rather than accumulation. Price is currently sitting near 0.0285, which is acting as weak support. The key level to watch is 0.0277–0.0268; a loss of this zone would likely accelerate downside toward 0.0245. Resistance stands at 0.0298–0.0303, with major supply still stacked at 0.031. Only a reclaim and hold above 0.0303 would signal stabilization and open the next upside target at 0.0335. Until then, structure remains bearish-to-neutral, favoring defensive positioning and patience.