$FOLKS Perp — vertical expansion, momentum fully unlocked
Price: 41.726
24H Move: +181.36%
Intraday High / Low: 46.998 / 14.592
What’s driving this surge
This is a classic volatility breakout. Price compressed for days, built a strong base above higher lows, then exploded with aggressive volume. Buyers are in full control, MAs are stacked bullish, and momentum traders are clearly chasing strength.
Key Levels to watch
Support: 32.0 → 24.0 → 18.0
Resistance: 47.0 → 55.0 (extension zone)
Trend bias
Strongly bullish. This is trend acceleration, not a random spike. As long as price stays above 32, bulls remain dominant.
Trade idea (If / Then)
If price holds above 38–40 and consolidates, continuation toward 47+ is likely, with extension into the 50s if volume expands again.
If price loses 32 with strong selling, expect a deeper pullback toward 24, which would still be healthy within the broader uptrend.
Explosive move, emotional candles, and no clear top yet — this is strength until proven otherwise.
