The $FOLKS /USDT pair is currently witnessing a high-stakes battleground on Binance, crashing a staggering 37% to hit $14.898 as bearish momentum grips the chart. Despite the bloodbath, the 15-minute candles show a fierce attempt at a "dead cat bounce" or a potential reversal, with price action finally reclaiming the MA(7) and MA(25) lines after a grueling slide from the $24 high. While the long-term MA(99) still looms overhead at $18.645 as a massive resistance wall, the recent spike in volume and the defense of the $13.10 level suggest that the "bottom-fishers" are stepping in. This is a high-volatility "make or break" moment: either FOLKS stabilizes here for a legendary recovery rally, or this minor consolidation is merely a pitstop before another leg down.
