🔥 $FOLKS (Folks Finance) – Calm After the Storm? 🔥
Folks is currently trading around $4.41 (+17.9%), and the chart tells a powerful story. 📊
👉 After a massive parabolic rally, price faced heavy profit-booking and corrected sharply — a healthy reset rather than a breakdown.
👉 Now, price is holding near strong historical support (~$4–$4.5), the same zone where smart money previously stepped in.
👉 RSI ~36 shows the asset is near oversold territory, hinting that selling pressure may be drying up.
👉 Supertrend still acts as resistance, but consolidation here often precedes a trend reversal.
💡 What this means:
This is the phase where weak hands exit and patient investors accumulate. If volume returns and price reclaims key resistance, we could see a strong bounce toward higher Fibonacci levels again.
⚠️ Risk Reminder:
If support fails, lower liquidity zones could be tested — risk management is key.
🚀 Conclusion:
FOLKS is at a make-or-break zone. Break above resistance = momentum play. Hold support = accumulation opportunity.
👀 Are you watching FOLKS or already holding?
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$FOLKS
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