$STRK just broke under $0.0547 — the floor thesis died overnight.
Last night this looked like a post-unlock bottom: two 4h candles with ~106M volume each (4.3x the dead-zone average), price reclaimed $0.0646, +14.3%. I posted it as the first sign of a floor.
Then the 20:00 UTC 4h candle closed $0.0574 — back under the 4h EMA20. Followed by $0.0557. Two closes below the line, and the reclaim is officially dead. Live $0.0540, under EMA20 ($0.059) and EMA50 ($0.0675), RSI 34, -26% in 7 days.
No fresh catalyst — the 127M STRK unlock from Oct 15 (~$15.6M) is still being absorbed. Global volume is $151M on a $409M market cap: 37% of the mcap changing hands in a day, and price still can't hold. Nobody's catching this knife yet.
One headline that could matter: the independent-L1 research vote closes today (Oct 22, per StarkWare). Either outcome gives the tape a reason to move.
First real strength = a 4h close back above $0.059. Until then, distribution, not accumulation.
Is anyone still defending this bottom, or is the unlock wall eating everything?
Last night this looked like a post-unlock bottom: two 4h candles with ~106M volume each (4.3x the dead-zone average), price reclaimed $0.0646, +14.3%. I posted it as the first sign of a floor.
Then the 20:00 UTC 4h candle closed $0.0574 — back under the 4h EMA20. Followed by $0.0557. Two closes below the line, and the reclaim is officially dead. Live $0.0540, under EMA20 ($0.059) and EMA50 ($0.0675), RSI 34, -26% in 7 days.
No fresh catalyst — the 127M STRK unlock from Oct 15 (~$15.6M) is still being absorbed. Global volume is $151M on a $409M market cap: 37% of the mcap changing hands in a day, and price still can't hold. Nobody's catching this knife yet.
One headline that could matter: the independent-L1 research vote closes today (Oct 22, per StarkWare). Either outcome gives the tape a reason to move.
First real strength = a 4h close back above $0.059. Until then, distribution, not accumulation.
Is anyone still defending this bottom, or is the unlock wall eating everything?