Starknet (STRK) recently launched its staking program, leading to a 10% price surge. However, technical indicators suggest a mixed outlook for the asset. The Relative Strength Index (RSI) indicates an overbought condition, potentially signaling a price correction. The Chaikin Money Flow (CMF) shows moderate buying pressure, but not enough to fuel a breakout. Strong resistance levels are present at $0.51 and $0.59, potentially leading to selling pressure. If these resistance zones are broken, STRK could rise towards $0.91. On the downside, the support zone between $0.41 and $0.45 is weak, and if buyers don't step in, the price could drop to $0.38, where stronger support is present.
- Content Editor ( beincrypto.com )
- 2024-09-26
Starknet (STRK) Price Jumps 10% After Staking Announcement: What’s Next