FOLKS rebounded after falling to the 3.3 level. From a technical perspective, the MACD has shown a bullish crossover below the zero line, and the RSI indicator quickly rose from the oversold zone (29) to around 69, indicating significant buying interest. The price has now stabilized above the main short-term moving averages, and the previous selling pressure has been largely absorbed.



According to the chart pattern, this position indeed has reference value—it is at a critical point before the previous breakout. Based on the rebound strength and indicator resonance, if the price can effectively break through the previous high later, the potential upside may be worth期待. However, investment decisions should still consider individual risk tolerance and proper stop-loss management.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)