$FOLKS Perpetual – Market Overview and Trade Outlook

FOLKSUSDT is undergoing a corrective pullback within a broader higher-timeframe structure. The decline of over twenty percent suggests profit-taking rather than full trend invalidation, especially considering the previous strength of the move.

Strong support is located around 4.100, which aligns with a prior consolidation zone and is currently being tested. If this level breaks, secondary support emerges near 3.700. On the upside, resistance stands at 4.650, followed by a major level around 5.100, which marks the previous high-volume rejection area.

For trade targets, a bounce from the 4.100 region with confirmation could offer upside toward 4.650 and potentially 5.000 if market sentiment improves. Shorts become attractive only if price loses 4.100 convincingly and retests it as resistance.

Pro traders often watch funding rates and open interest closely on assets like FOLKSUSDT. A price base forming while open interest declines can be an early signal of reduced selling pressure and an upcoming reversal.