$STRK has given back almost all of its October hype.
Quick recap: on Oct 9 Starknet said it is "actively considering" moving from an Ethereum L2 to its own Layer 1, with quantum security as part of the pitch. The token ran from roughly 0.049 to a 0.1265 high on Oct 11. Since then it's been a slow bleed, three weeks of lower highs.
Where it stands now:
• Price 0.0445, -4.0% in 24h (BTC is -3.1%, so this is partly just the market)
• 24h range 0.0398 – 0.0480. That low wicked right into the late-September base
• About -65% from the peak and -10% on the week
• 24h volume ~$11.5M vs a 20-day daily average near $26.5M. The excitement is gone
How I read it: 0.040 is the line. That's where the whole move started, and buyers defended it again today. Losing it on a daily close would mean the L1 story is fully priced out. To change the tone, I'd want a reclaim of 0.048 with volume coming back, not just a thin bounce.
The L1 idea is still only a plan under discussion, nothing is decided. Until there's concrete news, this trades like a high-beta alt, and low-cap moves cut both ways. Size accordingly.
Is the 0.04 area a base for you, or still just a falling knife?
Not financial advice.
#Starknet #STRK #Altcoins
Quick recap: on Oct 9 Starknet said it is "actively considering" moving from an Ethereum L2 to its own Layer 1, with quantum security as part of the pitch. The token ran from roughly 0.049 to a 0.1265 high on Oct 11. Since then it's been a slow bleed, three weeks of lower highs.
Where it stands now:
• Price 0.0445, -4.0% in 24h (BTC is -3.1%, so this is partly just the market)
• 24h range 0.0398 – 0.0480. That low wicked right into the late-September base
• About -65% from the peak and -10% on the week
• 24h volume ~$11.5M vs a 20-day daily average near $26.5M. The excitement is gone
How I read it: 0.040 is the line. That's where the whole move started, and buyers defended it again today. Losing it on a daily close would mean the L1 story is fully priced out. To change the tone, I'd want a reclaim of 0.048 with volume coming back, not just a thin bounce.
The L1 idea is still only a plan under discussion, nothing is decided. Until there's concrete news, this trades like a high-beta alt, and low-cap moves cut both ways. Size accordingly.
Is the 0.04 area a base for you, or still just a falling knife?
Not financial advice.
#Starknet #STRK #Altcoins
