$FOLKS is under heavy selling pressure after a major breakdown from the 8.0–7.5 support zone
Price has been trending lower with strong bearish momentum and is now hovering near the 5.7 demand area where buyers are attempting to slow the fall. This move reflects capitulation style selling and fear driven exits rather than healthy structure. Trend remains bearish until proven otherwise.
Preferred Buy Area
5.80 – 5.50
Upside Levels
TP1 6.60
TP2 7.40
TP3 8.20
Risk Line
5.30
As long as FOLKS holds above the 5.7 zone a technical bounce toward the broken structure is possible. Any sideways base here can help stabilize price. A clean break below 5.30 would confirm further downside continuation and open room for new lows before any recovery attempt.
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FOLKSUSDT
Prep
5.725
-15.84%