$FOLKS
Price Action: We’ve seen a ~85% retracement from the December highs. 📉 Currently testing the $1.50 - $1.90 range.
The "Why": The high-yield staking party (30% APR) ended in Jan, leading to a wave of profit-taking. 💸
RSI Alert: Approaching oversold territory (~34). Is the bottom in? Not confirmed yet, but the "falling knife" is slowing down. 🔪🛑
The "Why Wait?" (Bull Case) 🚀
Despite the red candles, the devs aren’t sleeping:
⛓️ xChain V2 is on the horizon (Cross-chain vaults = Big TVL potential).
💳 Mobile App + Debit Card features coming in 2026.
🤝 Integrations with Alchemy Pay & Ledger are deepening.
The Game Plan 🛡️
Watching for a strong base around $1.40. Until we see a bullish reversal pattern, patience is the name of the game. 💎🙌
Market Sentiment: 🐻 Bearish Short-term | 🐂 Bullish Ecosystem Long-term.
#Folks