$STRK surged out of nowhere—which comes first, 0.06 or 0.08?
STRK bears must be hurting pretty badly today.
There’s just one piece of news: Starknet says it plans to turn itself into an L1, citing quantum-resistant security as the reason.
The market immediately rallied against the trend.
It’s now at 0.0716, just a hair away from 0.08.
0.06 is a key short-term round-number level. If it pulls back there, we’ll see whether it can hold. If not, that means this whole move was driven by sentiment, and the short-term outlook gets questionable.
0.08 is the trigger level above. It’s only worth looking higher if price breaks above it on strong volume; otherwise, it’ll just keep chopping around here.
For now, I’m leaning bullish. The short-term moving averages on the four-hour chart are still pointing up, the daily price is still above its moving averages, and the funding rate is still positive—the bulls haven’t scattered. But on the 15-minute chart, price has already slipped below the short-term moving averages, so anyone who chased the rally today is feeling the pain.
If 0.06 gets smashed through, I’ll admit my bullish view was wrong.
Chasing at this level isn’t worth it. I’ll just watch to see whether it pulls back to 0.06 and gives me a chance to get in.
#strk
STRK bears must be hurting pretty badly today.
There’s just one piece of news: Starknet says it plans to turn itself into an L1, citing quantum-resistant security as the reason.
The market immediately rallied against the trend.
It’s now at 0.0716, just a hair away from 0.08.
0.06 is a key short-term round-number level. If it pulls back there, we’ll see whether it can hold. If not, that means this whole move was driven by sentiment, and the short-term outlook gets questionable.
0.08 is the trigger level above. It’s only worth looking higher if price breaks above it on strong volume; otherwise, it’ll just keep chopping around here.
For now, I’m leaning bullish. The short-term moving averages on the four-hour chart are still pointing up, the daily price is still above its moving averages, and the funding rate is still positive—the bulls haven’t scattered. But on the 15-minute chart, price has already slipped below the short-term moving averages, so anyone who chased the rally today is feeling the pain.
If 0.06 gets smashed through, I’ll admit my bullish view was wrong.
Chasing at this level isn’t worth it. I’ll just watch to see whether it pulls back to 0.06 and gives me a chance to get in.
#strk