$FOLKS
FOLKS is showing a sharp intraday rejection, dropping -11.47% despite only -1.9% on the daily, with a strong 363% volume spike — indicating heavy selling pressure and possible distribution after recent highs. Structure is currently unstable.
Support: 1.30 – 1.35
Resistance: 1.45 – 1.55
Holding above 1.35 is key for stabilization. Losing this level could trigger a deeper correction. A reclaim of 1.45 is needed to restore bullish momentum.
Next Targets (Recovery Scenario): 1.55 → 1.70 → 1.90
Caution advised — volatility is elevated. Watch for strong buyer absorption at support before expecting any continuation.
$FOLKS
FOLKS is showing a sharp intraday rejection, dropping -11.47% despite only -1.9% on the daily, with a strong 363% volume spike — indicating heavy selling pressure and possible distribution after recent highs. Structure is currently unstable.
Support: 1.30 – 1.35
Resistance: 1.45 – 1.55
Holding above 1.35 is key for stabilization. Losing this level could trigger a deeper correction. A reclaim of 1.45 is needed to restore bullish momentum.
Next Targets (Recovery Scenario): 1.55 → 1.70 → 1.90
Caution advised — volatility is elevated. Watch for strong buyer absorption at support before expecting any continuation.
$FOLKS