$STRK is down 68% from its October high, and the crowd has quietly left the room.
On Oct 11 it printed 0.1265 on roughly $104M of daily spot volume. Today it sits at 0.0406 (-5.5% in 24h, range 0.0403–0.0439) with about $2.2M traded so far. Down 14% on the week.
Levels I'm watching:
• 0.0398, the Oct 28 low. Price is only ~2% above it. Lose that on a daily close and the September base near 0.029–0.031 is the next real reference.
• 0.0439–0.0450, today's high and the area it chopped in all of last week. Reclaiming it would be the first sign sellers are tired.
The project angle: the October pump came on StarkWare's proposal to research turning Starknet into its own quantum-resistant L1. The non-binding governance poll closed Oct 22 with 93.52% backing further research, but that's research only, not a migration. CEO Eli Ben-Sasson said a draft whitepaper is expected in November, and any actual move needs a separate binding vote. That paper is the next catalyst on the calendar.
Thin volume near support cuts both ways: small flows can push it hard in either direction. Size small if you touch this one.
Does the 0.0398 floor hold, or is a retest of the September base coming first?
Not financial advice.
#Starknet #Layer2 #CryptoAnalysis
On Oct 11 it printed 0.1265 on roughly $104M of daily spot volume. Today it sits at 0.0406 (-5.5% in 24h, range 0.0403–0.0439) with about $2.2M traded so far. Down 14% on the week.
Levels I'm watching:
• 0.0398, the Oct 28 low. Price is only ~2% above it. Lose that on a daily close and the September base near 0.029–0.031 is the next real reference.
• 0.0439–0.0450, today's high and the area it chopped in all of last week. Reclaiming it would be the first sign sellers are tired.
The project angle: the October pump came on StarkWare's proposal to research turning Starknet into its own quantum-resistant L1. The non-binding governance poll closed Oct 22 with 93.52% backing further research, but that's research only, not a migration. CEO Eli Ben-Sasson said a draft whitepaper is expected in November, and any actual move needs a separate binding vote. That paper is the next catalyst on the calendar.
Thin volume near support cuts both ways: small flows can push it hard in either direction. Size small if you touch this one.
Does the 0.0398 floor hold, or is a retest of the September base coming first?
Not financial advice.
#Starknet #Layer2 #CryptoAnalysis
