$FOLKS
📉 FOLKSUSDT Perp – Quick Technical Update (1H)
FOLKSUSDT remains under bearish pressure after a sharp rejection near 5.50. Price is currently trading around 4.36, below all key moving averages.
🔹 Trend: Bearish
🔹 MA(7/25/99): Price below all → downside control
🔹 MACD: Negative, selling momentum slowing
🔹 Volume: Declining → possible short-term stabilization
🟢 Support: 4.20 – 4.25
🔴 Resistance: 4.70 – 4.80, then 5.50
📌 As long as price stays below 4.80, the trend remains bearish. Holding 4.20 could trigger a short-term bounce, but overall structure favors sellers.
⚠️ High volatility — manage risk wisely.
FOLKSUSDT
Perp
4.337
-0.82%