📈 $FOLKS Pullback After a Massive Rally
FOLKS
Alpha
1.77529
+0.84%
$FOLKS has been one of the stronger movers recently, climbing from $1.10 to a peak near $2.63 before entering a correction phase. The current pullback to $2.06 appears to be profit-taking after an extended uptrend rather than a complete trend reversal.
🔹 Support: $2.00 – $1.90
🔹 Resistance: $2.36 – $2.63
🔹 Breakout Target: $3.00+
📊 RSI has cooled to around 40, showing that the overheated conditions have eased significantly. Volume remains elevated compared to earlier levels, suggesting traders are still actively watching the asset.
If buyers defend the $2.00 zone, $FOLKS could build a base for another push higher. A recovery above $2.36 would strengthen the bullish case, while losing $1.90 may lead to a deeper correction.