@$FOLKS The recent trend warrants caution. From a capital perspective, the main force is accelerating its withdrawal—net inflow and outflow data show a net outflow of $97.67 million, and while retail investors are still absorbing, their capacity to support is clearly insufficient. This stark contrast usually indicates that selling pressure will continue.
From a technical standpoint, the red flag is even more evident. The MA7 short-term moving average has already broken below the MA30, and the entire short-cycle moving average system is showing a typical bearish alignment. Trading volume has not significantly decreased but remains high, which is a dangerous signal of "the more it falls, the more aggressively it is sold"—retail investors are currently engaging in panic selling.
Key support levels have already been broken. The previous support line at 4.270 was directly breached. Currently, the price is temporarily around 4.3, but this level has very weak support, and sell orders are still stacking up. From a more macro perspective, this correction is essentially a "debt repayment" for previous excessive gains. Coupled with the recent pressure on the entire crypto market, once funds for small and mid-cap tokens like $FOLKS start to withdraw, a free-fall decline is likely.
In such market conditions, extra caution is necessary. Observing the performance of major tokens like SOL and ETH may help in judging the overall market direction.
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DegenDreamer
· 14m ago
Is it the old routine of the main force running away and retail investors taking the fall again... Dare to touch FOLKS?
All the major players have withdrawn, why should we step in...
I knew it was bad the moment the price broke through the moving average. It's really outrageous to still hold on at 4.3 now.
I'm very familiar with the term retail investors being trampled. It's always like this...
Wait for SOL and ETH to regain their senses first. FOLKS, this small to mid-cap coin, is just following the trend.
If it can't even hold 4.27, what else is there? Free fall is no joke.
No wonder others are surprised; it surged too rapidly earlier. Now it's time to pay off the debt.
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MissedAirdropBro
· 11h ago
It's the same old story, main players run away, retail investors buy the dip, a classic script.
Really, looking at this data I know there will be more drops ahead.
Folks, this coin's market cap is too small, once the big players withdraw, it's game over.
I'm already tired of the follow-the-falling-knife pattern.
If betting on SOL can't lift the market, the whole thing might have to shut down.
Got it, maybe wait until Bitcoin stabilizes before acting.
Another round of the moving average breaking through drama? Watching with sleepy eyes, I'm tired of it.
The accumulation of sell orders is indeed a bit hard to sustain.
97,000 outflows, bro, this is a bloodletting.
Mid and small-cap coins are like this, once the wind blows, they scatter.
I think this round of adjustment is just a disguised way of harvesting retail investors.
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degenwhisperer
· 11h ago
The main players run away, retail investors take the fall—classic script... This broken support at 4.3 probably won't last long.
View OriginalReply0
NullWhisperer
· 11h ago
technically speaking, $FOLKS is looking like a textbook case of "smart money exits while retail panic-sells" — audit findings suggest this ain't pretty
Reply0
NotFinancialAdviser
· 11h ago
Main players run away, retail investors get stuck holding the bag. This trick is truly never tiring to watch.
View OriginalReply0
OnChainDetective
· 11h ago
Net outflow of $97.67 million... This number is too neat; we need to keep a close eye on the movements of whale wallet clusters.
View OriginalReply0
GweiWatcher
· 12h ago
The big players run away, retail investors take the fall—I'm tired of this routine.
View OriginalReply0
LiquidationWatcher
· 12h ago
ngl this $FOLKS dump is giving 2022 flashbacks... seen this pattern way too many times before it goes vertical down
@$FOLKS The recent trend warrants caution. From a capital perspective, the main force is accelerating its withdrawal—net inflow and outflow data show a net outflow of $97.67 million, and while retail investors are still absorbing, their capacity to support is clearly insufficient. This stark contrast usually indicates that selling pressure will continue.
From a technical standpoint, the red flag is even more evident. The MA7 short-term moving average has already broken below the MA30, and the entire short-cycle moving average system is showing a typical bearish alignment. Trading volume has not significantly decreased but remains high, which is a dangerous signal of "the more it falls, the more aggressively it is sold"—retail investors are currently engaging in panic selling.
Key support levels have already been broken. The previous support line at 4.270 was directly breached. Currently, the price is temporarily around 4.3, but this level has very weak support, and sell orders are still stacking up. From a more macro perspective, this correction is essentially a "debt repayment" for previous excessive gains. Coupled with the recent pressure on the entire crypto market, once funds for small and mid-cap tokens like $FOLKS start to withdraw, a free-fall decline is likely.
In such market conditions, extra caution is necessary. Observing the performance of major tokens like SOL and ETH may help in judging the overall market direction.