STARKNET TECHICAL ANALYSIS
The price of strk/usdt has been moving within the descending channel since March 2024. The trend got confirmation by tests on the upper and lower bands of the channel, and after the reaction received from the last bottom point, it could not break the middle band of the channel, and the price has moved back to the 0.1180's with some sell pressure. The price might want to test the middline of the trend again ifit gets reaction from around $ 0.10 – trend support. Should this level breakdown, it may test $ 0.09, which is the lower band of the channel.
The price of the coin must reach to resistance levels of $ 0,16-0,17 for an upward recovery after when the new targets $0,21 and then $0,27 can be on the table, however, as long as the descending trend continues, we may see limited ups
It is a must that the upper band of the channel break for a strong and sustainable rise.
To summarize , the STRK is still moving in the descending channel and trying to hold on to the support of the channel. A reaction that may come from this region may attract buyers in the short term.
These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop loss (SL) in relation to shared transactions.
