Quick snapshot: current price: $0.0747
24-hour change: +23.89%
Compared with the morning analysis: the price was $0.0688 and rose by an additional 8.5%.
What happened?
The rejection from $0.071 that we discussed this morning didn’t hold. The price bounced back, broke through the zone, and climbed further. It’s now at $0.0747, above the previous short-term resistance levels. New technical levels
Resistance
$0.0739 – $0.0745: immediate resistance according to Volume Profile and Fibonacci.
$0.0751 – $0.0762: strong resistance according to Bollinger on the 5-minute timeframe.
$0.0803 – $0.0808: major bullish target if a breakout occurs.
Support
$0.0713 – $0.0727: nearby support according to Bollinger and Fibonacci on the 5-minute timeframe.
$0.0697 – $0.0709: medium support.
$0.0681 – $0.0688: strong support, where former resistance could turn into support.
Capital flows
Long/Short ratio: 2.1 to 1, indicating a dominance of long positions.
Whale long positions: $4.57 million.
Funding rate: 0.005%, which is low.
Market outlook: bullish.
Whales have not changed their positions, and long positions remain dominant according to the data provided.
News
All news is positive according to the information provided, and there is no new negative news.
Starknet is moving toward resistance to quantum computing.
The Layer 1 (L1) narrative continues to support the price.
Fear and Greed Index: 64, indicating greed.
Potential scenarios
Bullish scenario
A break above $0.0762 and a close above it could open the way toward $0.080 to $0.083.
Bearish and correction scenario
Failure to close above $0.075, combined with a break below $0.0713, could lead to a correction toward $0.065 to $0.068.
Regarding the short idea
The price broke through the resistance that rejected it this morning, so the bearish scenario is currently weaker. Any new short entry requires waiting for stronger resistance between $0.075 and $0.0762, along with a clear price rejection from this zone.
This is informational analysis and not investment advice.
