From the technical charts, $FOGO has experienced a clear breakdown trend after a volume-driven decline of 18.9%. The current open interest remains high, indicating that longs may face liquidation pressure, or that major funds are slowly exiting.

Market information is quite straightforward: selling pressure is dominant, the rebound strength continues to weaken, and the price has consecutively broken through several key support levels. This state of "healthy consolidation" has not truly materialized yet; as long as the 0.0295 level cannot hold, the bearish momentum will further intensify.

From a trading perspective, there are indeed obvious shorting opportunities. The entry zone is locked between 0.0278 and 0.0282, with a strict stop-loss set at 0.0295. If the logic holds, the first target is aimed at 0.0250, and the second target points to 0.0220.

The key is to continuously monitor changes in open interest. The current significant trading volume combined with price decline sends market signals that warrant close attention. As long as a quick rebound above 0.0295 cannot be achieved, downward momentum will persist.