Fogarty's swinging arm collected the head of Sydney defender Harry Cunningham as he laid a tackle in the second quarter of the Crows' 16-point win at the SCG on Friday.
Cunningham was left dazed and spent several seconds on the ground, and will miss at least next week's Sydney derby clash through concussion.
Recent rough conduct cases involving concussion have been graded as severe impact, which could draw a ban of three games or more for Fogarty.
Key forward Fogarty was pivotal against the Swans, kicking four goals to help fend off a second-half comeback from the hosts.
Adelaide, who can finish round 19 as high as third (12-6), will face Collingwood, Essendon and Richmond in their next three matches.
Crows coach Matthew Nicks was resigned to letting the issue lie with the match review officer.
"I thought it was a tackle in the moment," Nicks said post-match.
"I haven't watched it back, so that's one I won't comment on.
"I hope it's OK."
Swans coach Dean Cox played a straight bat when asked about the incident.
"It was a high contact. That's probably about all," Cox said.
"From that, what deems (sic) from that, I think we know.
"If there's any high collision or concussion from that, whether they look at it or not.
"I'll just make sure that the player's okay."
Adelaide will at least welcome back Taylor Walker against the Magpies after resting the veteran for the SCG clash.
Fogarty was one of nine different goalkickers for the Crows, with Riley Thilthorpe kicking two majors in spite of Walker's absence against the Swans.
"It's a good spot for us to be in," Nicks said.
"For us to be able to manage Taylor this week, a huge bonus for our squad.
"'Tex' at his best is really important to us, and we will need to manage him for him to be able to do that.
"We also need to see our team like we did tonight, where - can a slightly younger group get it done against the best?
"And that's what Sydney are, and we did that away from home tonight."
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