FOLKS's performance this month is indeed worth paying attention to. Starting from the 14th of last month, the price has been on a downward trend, only truly hitting the bottom on the 8th of this month — with a cumulative decline of 93%, a number that sounds alarming.

But a closer look at the technicals shows signs of a change. Over the past ten days or so, the price has repeatedly approached the key support level at 3.3, without breaking below it effectively. On the 8-hour chart, there have been five bottoming formations, and such repeated support signals often indicate that a reversal force is building.

The current development is that the price is gradually breaking upward. It has started to rebound from the bottom area, and although the rebound isn't very large yet, the directional shift has already taken shape. For traders watching FOLKS, this stage calls for cautious observation and also paying attention to potential entry points during the upward breakout.