STRK/USDT Technical Analysis
StarkNet saw a remarkable surge this week despite the broader crypto market slump. The network experienced a significant development that boosted institutional interest: BTC staking support went live, and the locked asset value surpassed $365 million. These moves demonstrate that STRK is moving beyond being a mere infrastructure token and becoming a Layer-2 solution with institutional buy-in expected.
Analyzing the chart on the daily time frame, we see that the long-term-forming falling wedge pattern has finally broken to the upside. The breakout was clear and supported by strong volume, giving a solid signal of a positive trend reversal. The price moved sharply into the $0.21–$0.24 range and settled above the wedge’s upper trendline. Based on the wedge’s technical target, STRK now has the potential to move toward the $0.35–$0.40 zone. This area is important because it acted as a strong sell zone in the past and also aligns with the natural target of the formation.
$0.2165 is the first support in the short term, Below that level, $0.1980 is a critical level since it represents the upper boundary of the broken wedge. As long as the price holds above these zones, the positive structure remains intact. Even if minor pullbacks happen, the main trend does not change.
On the upside, the first target is $0.2780, followed by the $0.35–$0.40 region. Since the trend has already broken, the chance of the price reaching the full target looks quite strong.
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 the market conditions. However, traders are responsible for their own actions and risk management. Morover, it is highly recommended to use stop loss (SL) during trades.
