Starknet's STRK token has experienced a significant decline in value, losing nearly 10% just a week after initiating its first phase of staking on the ZK-Rollup platform. Currently trading at $0.38, the price has dropped 16% in the past 24 hours. Positioned below a critical resistance level, further selling pressure could push STRK's price to retest its all-time low of $0.31. The declining Chaikin Money Flow (CMF) reflects a lack of buying pressure, as selling outweighs buying activity among STRK traders. If selling pressure continues, the downtrend may gain momentum, with a potential target of $0.31, while a surge in buying activity could lead to a price rally above the resistance level and potentially reach highs of $2.25.



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