$FOLKS ​2. 📉 Technical Indicators

​A. Relative Strength Index (RSI)

​RSI = 100 - \frac{100}{1 + RS} where RS = \text{Average Gain} / \text{Average Loss}

​Readings: In all snapshots, RSI readings (70) range between 60.627 and 64.365.

​Significance:

​The RSI is above 50, confirming that the momentum is bullish (Bullish Momentum).

​The RSI has not yet reached the overbought area (Overbought), which is usually above 70. This may indicate that there is potential room for further increases before a significant reversal (Correction) occurs.

​B. Moving Average Convergence Divergence (MACD).

3. 🎯 Conclusion & Recommendations

Trend: Strong bullish (Strong Bullish) in the short time frames.

Momentum: Continues to increase as shown by price movement and the MACD indicator.

Caution: Although the RSI has not yet reached the overbought area, the rise approaching 23% in 24 hours makes it a highly volatile asset and prone to quick profit-taking.

Potential watch points:

Resistance: The highest price reached in the charts (around 17.530 or higher recent peak). If broken, the rise may continue.

Support: Previous highs that may turn into support should be monitored, such as the level around 16.388.