LET'S TALK ABOUT THE FUTURE
$FOLKS
To begin with, let me say that I wish I had a crystal ball to predict what will happen with the price of crypto assets in the coming months or even years. I would like the ball to tell me when to buy and when to sell without having to dedicate time to analysis and trusting that it was the right call. However, I do not have the gift of foresight and therefore, like everyone else, I have to speculate.
Let's start with FOLKS, it shattered short stops without mercy and reached forty USDT as if it suddenly became the most important crypto in the market, this has left more than one speechless but left another few without money. What happened to the project? This new distribution of tokens and rewards that was talked about has already left its mark and is it now preparing for a fall? But how and when is the question? It is necessary to analyze the factors that pushed it up as if it were something very appealing.
On the other hand, Solana has been moving sideways, falling with BTC in a very tight channel, with fluctuations up and down but more down than up. This suggests a selling force that coincides with the EMA indicators that are now knotted over the price, however, is that what the market wants us to see to make us sell in fear, or is it really what will happen and is it necessary to believe in this indicator? Meanwhile, the weekly RSI is at the floor unable to escape this narrow field that has dominated it for quite a while.
However, it is possible that just as FOLKS rose astonishingly, SOLANA may also rise in a more decent and prudent manner, making a move up and down to keep the impatient in red, while developing its growth strategy.
Let’s remember that SOLANA had an important event in Abu Dhabi and this may help the ecosystem that supports it, attracting a larger number of investors with large capital to invest there.
So if this happens, the EMA would lose its effectiveness to give way to the RSI.
