$FOLKS just experienced a brutal shakeout, wiping overleveraged positions in one move. This type of dump often marks local exhaustion rather than continuation. Strong support sits near 5.00 where demand previously stepped in aggressively. If price stabilizes here, a relief rally toward 6.10 and 7.30 can happen faster than most expect. Losing 5.00 would push FOLKS into deeper correction territory near 4.20. Extreme fear zones often precede violent reversals.
FOLKSUSDT
Perp
5.221
-21.57%