Current Context & On-Chain Developments
Right now, Starknet (STRK/USDT) is trading around $0.0754, down roughly 6% over the past 24 hours. Looking at the 4-hour chart, the Relative Strength Index (RSI) sits at about 31.2—hovering just above oversold territory. This tells us sellers have been in control lately, though the selling pressure might be running out of steam. The MACD indicator paints a similar picture, sitting in negative territory with the MACD line below the signal line, confirming the recent downward momentum. Both the simple moving average (around $0.0806) and exponential moving average (near $0.0802) are sitting 6-7% above the current price, creating resistance walls that need to be broken through before we can talk about any real trend reversal.
Beyond the charts, Starknet has been making some interesting moves on the development front. The team’s been pushing forward with decentralization efforts, including rolling out staking features to spread out block-attestation duties and working toward a distributed sequencer setup. These are solid long-term plays that strengthen the protocol’s foundation, though some roadmap delays have cooled off short-term excitement a bit. There’s also been a recent integration that lets you trade STRK natively on Solana through cross-chain infrastructure, which should help with liquidity and exposure. That said, actual user activity numbers are still pretty modest compared to some of the bigger Layer-2 players out there.
Technical Indicators & Price Levels to Watch
When we look at today’s daily pivot point analysis, here are the important levels you should keep an eye on:
– Pivot point: ~$0.07623
– Resistance levels: R1 at ~$0.07867; R2 at ~$0.08313; R3 at ~$0.08557
– Support levels: S1 at ~$0.07177; S2 at ~$0.06933; S3 at ~$0.06487
STRK is trading just below its daily pivot point of around $0.07623, which gives us a slightly bearish lean in the short term. If buying pressure picks back up, that resistance zone between roughly $0.0786 and $0.0831 is going to be tough to crack. On the flip side, if the price can’t hold above the pivot, we’re probably looking at support somewhere between $0.0718 and $0.0649, with that S1 level being the first line of defense.
Short-Term Scenarios
If buyers decide to show up and push back against this decline, we’d need to see STRK climb above both the EMA at $0.0802 and the SMA at $0.0806 to really get bullish momentum going again. Breaking through that resistance band could open the door toward R2 (around $0.0831) and potentially R3 (near $0.0856). On the other hand, if the price drops below the pivot point at $0.0762 and can’t get back above it, sellers might start aiming for S1 at roughly $0.0718. If S2 around $0.0693 breaks, we could see things slide further down toward S3 at about $0.0649.
Mid-Term Outlook & Prediction
Looking ahead over the next few weeks, STRK’s path forward probably hinges on a handful of key factors:
– Volume and demand: If people start accumulating STRK through staking and we see more institutional interest, that could tighten up the circulating supply and create some bullish momentum. Without that kind of demand support, though, those resistance levels are going to be hard to break.
– Roadmap wins or delays: Actually delivering on things like the v0.14.0 decentralized sequencer, making progress on staking versions, and expanding Bitcoin-related DeFi integration will give people reasons to be excited. But if there are more delays or implementation hiccups, expect bearish sentiment to creep back in.
– Macro environment: If Bitcoin struggles or Ethereum gas fees start acting up—or if the Layer-2 competition heats up—confidence in STRK’s upside could take a hit. On the bright side, if gas costs on major Layer-1s keep climbing, that could push more attention toward solid rollup solutions like Starknet.
Mid-Term Price Prediction: If STRK can find its footing above that pivot point around $0.076 and build some support there, a move toward the $0.090-$0.110 range over the next month or two seems reasonable. But if support breaks, we might see a drop down to the $0.055-$0.060 area as sellers test lower levels. Any real reversal is probably going to need STRK to clear that $0.080-$0.083 resistance zone with solid volume and some positive on-chain activity backing it up.
Key Metrics to Monitor
Here are some things worth keeping a close eye on:
– New staking numbers—particularly what percentage of total supply gets locked up and how fast that’s growing.
– User growth and active addresses—strong network effects really matter here.
– Transaction counts and fee revenue—these show whether we’re seeing real usage or just speculation.
– How the roadmap deliverables are actually performing—timing and reliability of upgrades make a big difference.
– Liquidity changes from new integrations (like the Solana connection through NEAR) could shift market depth in meaningful ways.
