$FOLKS USDT looks like it’s trying to build a base.
Price is holding above the short EMAs and slowly grinding up after a strong sell-off.
EMA(7) and EMA(25) are acting as immediate support, while EMA(99) is still overhead, so this is not a full trend reversal yet.
What I’m watching:
Holding above 5.10–5.20 keeps structure intact
A clean push above 5.35–5.40 could open room toward the 5.8–6.0 zone
Loss of 5.05 would weaken the bullish setup
Volume is stable, no panic selling, which usually helps bases form.
Not financial advice. Just sharing how I see the chart.
Trade with patience and risk management.
