$STRK is up 4.5% in 24h, the best day among the majors I track. Would you put $500 in at 0.0384, or is it too late?
Context first: it's still down 5.4% on the week. The 7-day low was 0.0359, the high 0.0452. Today's range is 0.0368 to 0.0398, so price sits mid-range, not at a breakout.
The case for: it bounced cleanly off the weekly low while $BTC and $ETH only added about 1%. Relative strength on a down week often shows up first in small caps.
The case against: 24h volume is about $3.1M, below the ~$4.1M daily average of the prior six days. A bounce on thin volume is easy to fade, and the 0.040 area already rejected price yesterday.
STRK is a small, volatile token. Size accordingly.
Buy here, wait for 0.040 to flip, or wait for a retest of 0.036?
Not financial advice.
#Starknet #STRK #altcoins
Context first: it's still down 5.4% on the week. The 7-day low was 0.0359, the high 0.0452. Today's range is 0.0368 to 0.0398, so price sits mid-range, not at a breakout.
The case for: it bounced cleanly off the weekly low while $BTC and $ETH only added about 1%. Relative strength on a down week often shows up first in small caps.
The case against: 24h volume is about $3.1M, below the ~$4.1M daily average of the prior six days. A bounce on thin volume is easy to fade, and the 0.040 area already rejected price yesterday.
STRK is a small, volatile token. Size accordingly.
Buy here, wait for 0.040 to flip, or wait for a retest of 0.036?
Not financial advice.
#Starknet #STRK #altcoins
