The L1 dream is down 51% in seven days.
$STRK ran $0.049 → $0.1265 on October 8–11 after StarkWare's CEO floated leaving Ethereum for an independent layer 1. Binance spot did $103.8M in a single day. Then the tape read the fine print: October 15's governance poll is non-binding research, not a migration. No timeline, no upgrade, bridges stay open.
The unwind has been orderly and brutal. $0.1232 close on October 11 → $0.0596 now. Network activity peaked with the price (2,823 active addresses on October 11, per TokenPost) and fell 63% two days later. Today's spot volume: $14.4M — against $103.8M at the peak.
Support $0.058–$0.060, today's low. Then the pre-rally base $0.048–$0.053. Resistance $0.071–$0.073, the midweek breakdown. A daily close under $0.058 hands the whole L1 rally back. Levels, not advice. NFA.
The bear case in one line: the vote asks whether to *research* an L1. The market priced a migration. Research votes don't hold upgrades' prices.
Does $STRK hold $0.058, or does it retest the $0.048 pre-rally floor first?
$STRK #Starknet #PriceAction #Altcoins
$STRK ran $0.049 → $0.1265 on October 8–11 after StarkWare's CEO floated leaving Ethereum for an independent layer 1. Binance spot did $103.8M in a single day. Then the tape read the fine print: October 15's governance poll is non-binding research, not a migration. No timeline, no upgrade, bridges stay open.
The unwind has been orderly and brutal. $0.1232 close on October 11 → $0.0596 now. Network activity peaked with the price (2,823 active addresses on October 11, per TokenPost) and fell 63% two days later. Today's spot volume: $14.4M — against $103.8M at the peak.
Support $0.058–$0.060, today's low. Then the pre-rally base $0.048–$0.053. Resistance $0.071–$0.073, the midweek breakdown. A daily close under $0.058 hands the whole L1 rally back. Levels, not advice. NFA.
The bear case in one line: the vote asks whether to *research* an L1. The market priced a migration. Research votes don't hold upgrades' prices.
Does $STRK hold $0.058, or does it retest the $0.048 pre-rally floor first?
$STRK #Starknet #PriceAction #Altcoins