Looking at the FOLKS one-hour chart recently, this wave of decline definitely warrants serious analysis.

From 3.949 straight down to 3.301, the drop is significant, but if you carefully dissect this market movement, the logic becomes interesting. The BOLL band has already touched the lower band at 3.363, and the oversold technical features are very obvious. This position is usually the critical point for a rebound. More interestingly, on-chain data shows that 92% of the sell orders during this sell-off came from retail panic selling, while the top 10 main wallet addresses quietly absorbed the buy orders, with a single order swallowing 2.3 million U tokens. The underlying logic behind this reverse operation is worth pondering.

There is also a rhythm on the news side. The project team just officially announced yesterday that next Wednesday they will list on the innovation zone of a major exchange. Such a volume event usually becomes a market focus. If you are the main player, would you really dump two days before such positive news? Or is this more like the final chip consolidation before the positive news lands?

From a technical perspective, the 1-hour MACD green bar has reached its limit, and the support strength of the BOLL lower band is very strong, with a rebound signal basically formed. Currently, in the 3.4 vicinity, a short-term rebound to 3.8 or even 3.9 has reasonable technical support. An aggressive approach could consider aiming for 4.0. The key is to control the pace and risk well; at this stage, a light position to probe the bottom would be a more prudent strategy.

Opportunities for oversold rebounds like this often appear in the crypto market cycle, but each performance is different. The most important thing is to base decisions on data and logic rather than emotions.