$FOLKS
📈 FOLKS/USDT — Quiet Phase Before the Next Move?
FOLKS has been moving sideways after its explosive phase, and the chart is now entering a zone where decisions usually get made. Volatility has dried up, emotions have cooled, and price is starting to respect structure again.
From a higher-timeframe view, FOLKS is still trading below its long-term trend averages, which tells us the market is in recovery mode rather than full expansion. That said, the rate of selling has clearly slowed, and price is no longer making aggressive lower lows.
On the daily chart, buyers continue to step in around the $1.10 area, forming a reliable demand base. This level has now been defended multiple times, making it a key reference point for both bulls and bears.
Momentum indicators support this idea of exhaustion:
RSI remains below neutral, but it’s stabilizing instead of dropping — a classic sign that sellers are running out of strength
On lower timeframes, RSI has already flipped bullish, hinting at short-term upside attempts
MACD pressure is easing, with signals starting to converge rather than expand downward
This setup doesn’t scream “breakout” yet — instead, it suggests absorption and accumulation. Markets often build here before choosing direction.
If price manages to reclaim the mid-range around $1.50+, momentum could accelerate toward higher liquidity zones. Failure to do so would likely keep FOLKS rotating inside its current range.
From a broader perspective, continued ecosystem development around Folks Finance adds weight to the long-term narrative, but confirmation on the chart still matters more in the short run.
📌 My focus:I’m waiting for confirmation rather than guessing the bottom. Structure flip first, size later.
What’s your approach here — early accumulation or patience for confirmation?
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