$FOLKS has erupted out of nowhere. Price smashed past $13.64 with brute strength. Liquidity is stacking up, holder count keeps rising, and momentum isn’t backing off. If this intensity continues, a run toward $14.30 could reset the entire market structure to bullish. Watch it closely — this kind of move is atypical.
A mild downside surprise on YoY with stable MoM keeps the Fed-pivot narrative intact. Traders now have enough justification to lean risk-on without fearing an inflation rebound.
The next move depends on how quickly markets start pricing earlier rate cuts. Expect a jump in volatility as positioning adjusts.