Bitcoin’s recent volatility has created a challenging environment for altcoins, but Folks Finance ($FOLKS ) is showing remarkable resilience. After a sharp correction to the $2.04 level, the asset has bounced back over 15% in the last 24 hours, currently trading near $2.43. This recovery coincides with significant whale accumulation as the protocol prepares for its xChain V2 upgrade and the launch of its regulatory-compliant mobile app.
Technical Breakdown
Support & Resistance: $FOLKS has established a firm floor at $2.28 (78.6% Fibonacci level). Immediate resistance sits at $2.62, which was today’s local high. A clean break above this level on the 4H chart could trigger a rapid move toward the $3.10 psychological zone.
Momentum Indicators:
RSI (14): Currently reading 42.8. This suggests that while the immediate selling pressure has cooled, there is significant "fuel" left for a sustained rally before the asset becomes overbought.
Moving Averages: The price is currently testing the EMA 25 ($2.45). Successfully flipping this level into support would confirm the short-term trend reversal from bearish to bullish.
Trade Execution Plan
Given the high-impact catalysts coming in H1 2026—including the $10M incentive program—a Long position on retests of support offers the best risk-to-reward ratio.
Entry Zone: $2.40 – $2.48
Take Profit Targets:
TP 1: $2.75 (Initial Resistance)
TP 2: $3.15 (Mid-term Target)
TP 3: $3.50 (Macro Extension)
Stop Loss: $2.25
Risk-to-Reward: 1:3.4
Market Question: Are you holding $FOLKS for the xChain V2 liquidity incentives, or are you waiting for a deeper dip? Share your strategy below. 👇
