$FOLKS

FOLKS

Alpha

24.27

-19.14%

USDT is trading around 24.71 after a very strong rally that pushed the price to a 24-hour high of 46.99, followed by a sharp correction. The price is now well below the MA(7) at 33.51 and MA(25) at 27.78, indicating strong short-term bearish pressure, while it remains above the MA(99) at 18.30, keeping the broader trend neutral to bullish. The key support zone is around 24.70–23.50, and a break below this area could lead to a drop toward 19.85–18.30. On the upside, major resistance is located at 27.00–27.80, followed by 34.20. Overall, the current move looks like a deep correction after a massive pump, and holding above the 24.70 support is crucial; a recovery above 27.80 would be needed to signal renewed bullish momentum.