Starknet (STRK) Sees Decent Gains

At a time when the crypto market is seeing a notable bearish correction, the Starknet token has been able to print some sizeable bullish gains. This placed the coin as the second-best-performing cryptocurrency as of the time of writing. While there may be short-term opportunities in the market, let’s take a closer look at the market below.

STRK Statistics

Current Price: $0.2463

Market Capitalization: $1.05B

Circulating Supply: 4.56B

Total Supply: 10B

CoinMarketCap Rank: 60

Key Levels

Resistance: $0.2500, $0.3000, $0.3500

Support: $0.2250, $0.2000, $0.1750

Starknet Price Grows by 7.26%

The STRK token has a bullish stance on the daily chart, although the ongoing session has seen some downward compression. Nevertheless, the token keeps trading above the 9-day Exponential Moving Average (EMA) line.

Also, price movement on the daily chart has been very volatile since a bullish breakout at the $0.1000 price level.

Similarly, the lines of the Stochastic Relative Strength Index (SRSI) indicator are at a convergence just above the 80 mark. Technically, this points to the fact that price action may proceed upwards over subsequent sessions.

STRK Bears Remain Outnumbered

On the Starknet 4-hour chart, it can be seen that price action has retained its general bullish outlook. However, this is not without the downward compression from headwinds, yet price activity remains above the 9-day EMA curve.

The SRSI indicator lines have also fallen into the depths of the oversold region.

However, the indicator has an upward crossover, and the ensuing lines are taking on an upward bearing. As it is, it appears this market may head toward the $0.3000 price level.

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