Core Driving Factors
FOLKS achieved an astonishing increase of 77.39% in the past 24 hours, becoming the biggest winner in the Bitget futures market. There are three core drivers behind this strong surge:
1. Ecological Milestone Breakthrough
Folks Finance's TVL on the Monad blockchain has surpassed the $10 million mark, marking the successful validation of its cross-chain DeFi protocol on a high-performance Layer 1 network. Monad supports 10,000 TPS parallel execution capabilities, providing FOLKS with a technological advantage. blockchainreporter
2. Release of the Grand Roadmap for 2026
The project announced an ambitious plan for 2026, including the launch of xChain V2 in H1 2025, the first cross-chain vault lending system, and an incentive program investing 10 million FOLKS tokens (approximately 15 million USD), targeting a $1 billion TVL. This has released a strong signal for development. bitcoinworld
3. Expectations for ecosystem expansion
The regulatory-compliant mobile application already has a waiting list of over 30,000 users, and EVM-compatible liquid staking tokens are about to be launched, laying the foundation for FOLKS's long-term value growth.
Technical confirmation of strength
From the technical indicators, the rise of FOLKS has a high degree of certainty:
RSI indicator is extremely overbought: 15-minute RSI reaches 97.12, 1-hour RSI reaches 98.26, indicating that market sentiment has reached historical highs
MACD shows strong divergence: The difference between DIF and DEA is expanding across all time periods, confirming strong upward momentum
Price breaks key resistance: The current price of $26.05 has broken through the Fibonacci 61.8% retracement level ($20.57), testing the $27.34 resistance upwards
Market structure analysis
Order book imbalance: The imbalance rate of the 5-level buy-sell orders reaches 52.17%, showing that buying power is significantly stronger than selling power, which is an important support for continued rise.
Financing rate reversal: The current financing rate is -1.875%, in the negative range, indicating that the market has gradually returned to rationality from excessive bullishness, providing a buffer for the sustainability of future rises.
Position structure: Total futures positions are 1,256,000 contracts, with short positions accounting for 84% of the account structure (426 accounts), indicating that a large number of shorts are being forced to close, further pushing up prices.
Trading suggestion 📊
Short-term strategy:
If you are optimistic about the development of the DeFi ecosystem, consider taking profits in batches near the $27.34 resistance level, as risk management is crucial.
In an extremely overbought RSI state, it is advisable to be cautious in chasing highs and wait for a pullback to the $24 support level before considering increasing positions.
Pay attention to changes in financing rates; if they turn positive and expand, be wary of short-term adjustment risks.
Mid-term logic:
The fundamental support for FOLKS is strong — the cross-chain DeFi sector remains hot, and the launch of xChain V2 will be a key milestone to validate its technical capabilities. It is advisable to pay attention to the project's actual progress in H1 2025.
