$FOLKS

FOLKS

Alpha

24.42

-24.66%

USDT is trading around 24.64 after an enormous rally that pushed the price to a 24-hour high of 46.99, followed by a sharp correction. The price is currently well below the MA(7) at 33.51 and MA(25) at 27.78, indicating strong short-term bearish pressure, but it remains above the MA(99) at 18.30, suggesting that the longer-term trend is still bullish. The key support zone lies around 24.65–23.50, and a breakdown below this area could push the price toward 19.85–18.30. On the upside, resistance is near 27.00–27.80, followed by 34.25. Overall, the market is undergoing a deep correction after a massive pump, and holding above 24.65 is crucial; a recovery above 27.80 would be needed to signal renewed bullish momentum.