$FOLKS triggered a short liquidation of $3.14K at $4.96637, signaling strong upside pressure that caught bearish traders off guard. This move suggests buyers stepped in aggressively, forcing shorts to cover and adding momentum to the rally. Short liquidations in often act as fuel rather than exhaustion, especially if price can hold above the squeeze level. The key now is consolidation—if $FOLKS stabilizes above this zone, continuation higher becomes likely. Failure to hold, however, could turn this into a brief squeeze followed by range-bound action.
FOLKSUSDT
Perp
4.156
-19.70%
