Down more than 40% in a week, without even a decent bounce—that’s $STRK for you.
Just ten days ago, it was riding high at 0.123. Then the talk around the L1-focused vote took off, and plenty of people jumped in, treating “quantum resistance” like a magic ticket to riches. But on October 15, 127 million tokens unlocked right on schedule and hit the market: supply is an open book, while narratives are a wild card. When the two collide, the supply side usually wins. Worse still, the vote itself was non-binding—which basically means the bullish news amounted to “we’ll look into it.” The price got cut in half, and now it’s at 0.0606, with the key 0.06 level looking shaky.
There’s only one line that matters: 0.06. If it holds, there may still be some room to catch a breath in the short term; if the daily close breaks below it, the next stop is probably around 0.05.
What do you think—was this drop to $STRK caused by the token unlock, or has the trend really reversed?
Not investment advice. DYOR.
#解锁 #Altcoins
Just ten days ago, it was riding high at 0.123. Then the talk around the L1-focused vote took off, and plenty of people jumped in, treating “quantum resistance” like a magic ticket to riches. But on October 15, 127 million tokens unlocked right on schedule and hit the market: supply is an open book, while narratives are a wild card. When the two collide, the supply side usually wins. Worse still, the vote itself was non-binding—which basically means the bullish news amounted to “we’ll look into it.” The price got cut in half, and now it’s at 0.0606, with the key 0.06 level looking shaky.
There’s only one line that matters: 0.06. If it holds, there may still be some room to catch a breath in the short term; if the daily close breaks below it, the next stop is probably around 0.05.
What do you think—was this drop to $STRK caused by the token unlock, or has the trend really reversed?
Not investment advice. DYOR.
#解锁 #Altcoins