Key Takeaways
What is driving STRK’s recent bullish momentum?
Rising TVL above $21M and over $470M in bridged liquidity signal strong investor inflows and increasing confidence.
What could challenge STRK’s upward trend?
Price is testing the $0.27 resistance with a Doji and overextended Bollinger Bands, signaling possible short-term correction.
Starknet has continued to build momentum in the market, a sentiment that has persisted for the past 30 days.
The asset gained 91% within seven days — the last 24 hours added another 21%, pushing the price to $0.25 at press time, as volume continued to build steadily.
STRK sees rising inflow
There has been notable on-chain inflow into Starknet [STRK], which has supported the recent rally over the past day.
About $10.16 million worth of STRK has been purchased and locked for long-term holding within various protocols.
This activity reflects a long-term outlook, as investors expect to earn interest by locking assets in pools while positioning for a broader market rally.
Over the past month, total inflows, as reflected by the rise in TVL, have reached $19.4 million.
Source: DeFiLlama
DeFiLlama reported a similar increase in the TVL of bridged assets, which measures the dollar value moved from other tokens into STRK.
This figure has risen to $470 million, according to Canonical Bridged Value, a metric that tracks liquidity movement.
This indicates that investors have swapped other tokens for STRK, highlighting a strengthening bullish sentiment in the market.
Bullish outlook faces a hurdle
The bullish outlook reflected in on-chain activity has reached a critical level, where renewed liquidity now becomes essential.
Price has moved into the $0.27 region on the chart, an area that previously recorded rejection. This is confirmed by the formation of a Doji candlestick, which suggests rising selling pressure at that level.
Source: TradingView
If selling volume persists, STRK could slide further on the chart. However, if bulls regain control, two key levels to watch are $0.317 and $0.345.
These zones remain important as they represent fair value gaps—areas on the chart where large unfilled orders remain. When price approaches these zones, it often provides support for a potential rally.
Indicators give mixed signals
The likelihood of a continued rally presents mixed readings on the technical indicators.
This is evident as the Aroon Up line (orange) remains at 100%, while the Aroon Down line (blue) continues to decline and approaches the 0% level.
While this pattern reflects bullish conditions, the Bollinger Bands present a caution signal, as price has crossed into the overvalued region.
Source: TradingView
This occurs when price moves above the upper band, a sign that the asset may be overheated and could experience a short-term correction.
If a pullback occurs, price may stabilize around the middle band before any further upward movement, assuming bullish momentum remains intact in the market.
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