You can move a feed from one folder to another by clicking on it in the left hand pane, and then dragging it to the folder you want it in.
You’ll know if you’re doing it right because the name of the feed you’re dragging will move with you:
Just drag it to the folder you want and let go when the target folder—the folder you’re aiming at—is itself highlighted:
Click on the folder to check the feed has moved.
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