Following the previous market observation on FOLKS, the situation has now changed significantly. After bottoming at 4.211, the price quickly rebounded to 4.363, with a rebound of over 3.6%, indicating a strong bullish signal.

From a technical perspective, the 4.2 level has formed a strong support, and the price rebound is very rapid. On the 15-minute chart, a clear bullish engulfing pattern can be seen, showing signs of a reversal from the short-term downtrend. Although there was a 12.28% decline today, the market stabilized and rebounded by the end of the session, indicating that bottom-fishing funds are entering.

Market sentiment is even more interesting. The net inflow of contract funds on the 30-minute level is 68,500, and on the 1-hour level is 31,800, showing that short-term funds are contrarian bottom-fishing. Although there are still outflows on the 5-minute, 4-hour, and medium-to-long-term levels, the short-term funds flowing back at the end of the session suggest that market sentiment is marginally improving, and the momentum for a rebound is rapidly building.

From a valuation perspective, this coin is now severely oversold. It has fallen 59.86% over the past 7 days and 42.92% over the past 30 days, indicating deep oversold conditions. The 24-hour high was 5.242, leaving nearly 20% room for a rebound from the current price. The combination of oversold status and bottom-fishing by funds is resonating, and a rebound is imminent.

In terms of strategy, the current price of 4.363 allows for a light long position entry, with a stop-loss decisively placed below 4.20. If the price breaks through the 4.5 level, add to the position. The first take-profit target is at the 4.8 resistance level. Don’t miss this accelerating rebound in the oversold rally.