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Starknetanalysis

$STRK Dips 11.40% Despite Appchains Launch on StarknetStarkWare, a pioneer in Ethereum Layer-2 scaling solutions, recently launched Appchains on Starknet, featuring the SN Stack—a comprehensive toolkit aimed at empowering developers to build tailored blockchains. Despite this groundbreaking announcement, IDX:STRK has seen a dip of 11.40%, mirroring a broader crypto market downturn. Let’s delve into the fundamentals and technical outlook for $STRK. The Appchains Revolution StarkWare’s Appchains launch represents a significant milestone in blockchain scalability and customization. Appchains are designed to offer developers unparalleled flexibility in building blockchains tailored to specific use cases. The SN Stack includes: 1. Madara: An open-source modular framework enabling developers to adapt blockchain solutions effortlessly. 2. Dojo: Tailored for gaming and blockchain applications, providing advanced tools for innovative projects. 3. StarkWare Sequencer: High-performance infrastructure supporting Starknet’s public network. These tools leverage Zero-Knowledge Proofs (ZKP), a cryptographic breakthrough that ensures privacy and security while scaling Ethereum. StarkWare’s adoption of ZKP sets it apart from optimistic rollups, offering greater security and faster transaction speeds. The SN Stack also includes core elements like Starknet OS, CairoVM, and cryptographic devices for proof creation, providing developers with a robust foundation for blockchain innovation. Market Sentiment The crypto market is currently in a retracement phase, with Bitcoin ( CRYPTOCAP:BTC ) dipping to GETTEX:92K , triggering sell-offs across altcoins and meme coins. IDX:STRK ’s decline aligns with this market sentiment, as traders exhibit caution amid macroeconomic uncertainty. Technical Outlook As of writing, IDX:STRK is trading 5.91% lower within a bearish pattern. The current market dip could push IDX:STRK to a consolidation level near $0.38, forming a strong support zone. However, the announcement of the Appchain launch may catalyze a reversal if traders digest its long-term implications. Key technical levels to watch include: - 38.2% Fibonacci Retracement: A breakout above this level could signal a bullish trend, with potential momentum toward the 1-month high. - RSI Indicator: Currently showing oversold conditions, indicating a possible recovery in the short term. The Bigger Picture: StarkWare’s Legacy Since its founding in 2018, StarkWare has been a trailblazer in Layer-2 solutions, consistently delivering innovative technologies like Starknet and the SN Stack. With competitors also rolling out Ethereum scaling solutions, StarkWare’s focus on ZKP and developer-centric tools could position it as a leader in blockchain customization. What’s Next for IDX:STRK ? The combination of technical and fundamental factors makes IDX:STRK an asset to watch closely. While the current dip reflects market-wide bearish sentiment, the long-term potential of StarkWare’s innovations could drive a significant recovery.
Long
by DEXWireNews
Starknet STRK Is Escaping The Dead Zone!Hello, Skyrexians! Today we are going to introduce for you the analysis of the most hated altcoin of 2024. We are talking about BINANCE:STRKUSDT . You have many reasons to not like this crypto because since it's listing it's is only going down, showed almost the biggest drawdown of all crypto market. Several months ago Starknet has reached the dead zone and we told in this article that it will finally go up. We made a mistake with timing, but it looks like we finally were right with the potential price move. Let's take a look at the 2 days time frame. We can count listing pump as the wave 1 after that price is forming wave 2 in shape of zigzag ABC. We marked only subwaves inside wave C inside wave 2 to not overwhelm the chart. Awesome Oscillator shows the minimum value in wave 3. After that it crossed zero line and pulled back below zero again but formed the bullish divergence between wave 3 and 5. You can tell, that wave 5 is shorter than wave 3, but it can be the case. We can see the wave 5 finish on the AO. Also want you to pay attention on our new indicator Fractal Trend Detector which demonstrated the strong bear market with the red zones, acted as a resistance in wave 2 and 4. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . Recently this indicator turned green indicating the start of the uptrend. The invalidation price now is located at $0.43. As a result, STRK has a great chance to escape this dead zone and reach unbelievable targets. If wave 2 has been really finished, currently price is printing wave 3. It means that there is a high probability of reaching the Fibonacci 1.61 and 2.61 targets at $12 and $20. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
8
Starknet STRK price and upcoming unlock coinsOn 15/09, $64 million of STRK will be distributed, which is +3.6% of the coins in circulation. Given that the price of OKX:STRKUSDT is currently hovering near its lows, and we are waiting for positive macroeconomic decisions ahead, it is unlikely that these coins will be sold on the market now. Targets for the #Starknet price look more attractive: - medium-term - $0.60 - long-term - $1.20-1.30 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
Has #Starknet started an uptrend?IDX:STRK 1D chart; #Starknet, which started a downtrend with the level it lost on April 12, will give the second major signal for an uptrend if it can close today above the $0.43 level. It gave its first signal with the positive mismatch it showed on the RSI side in the past days. Although the price continues its horizontal progress, the rise in the RSI side stands out. In the short term, $1.4 can be considered as the target zone. Because it will make a move to clear the liquidity at this level at the first opportunity. The big green candle on the side shows its weekly performance. If it closes below the +OB level of $0.337, we will talk about new levels.
Long
by ugurtash
Starknet STRK price tamping the bottom "3"Most #STRK holders would probably like to see the blue scenario play out💙. Because the pattern for an upward breakout in the price of OKX:STRKUSDT is quite good and we would give this scenario a 60% probability of development. And 40% for the red one ❤️. Because if the OKX:BTCUSDT price breaks below 65K towards to $61k, then the price of the #Starknet token will drop to $0.47, at best. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
Will StarkNet STRK revive from the dead zone? Hello, Skyrexians! Today we have another one "perspective" crypto to overview. This is BINANCE:STRKUSDT token. Since Binance listing price dropped significantly and continue dropping now. Entire crypto market dump boosted the STRK sell-off. Today we will analyze in details this asset and try to understand will this coin pump or die. It's vital for successful cryptocurrency trading to consider all possible scenarios. Looking at the most of ideas on this asset we can conclude that most of the crypto trading strategies gave the advice to buy this coin when price was above $1.5. Obviously, it's not profitable crypto trading strategies. Even automate crypto trading of most cryptocurrency trading platforms fails to predict the price of this asset because after dumping at 50% it continues dumping, which is not likely according to the most crypto trading algorithm. That's why most of automated trading bots and grid bot faced with losses for this asset. The exception is the ai crypto trading bot which takes into account the Elliott wave, the key feature of successful crypto trading. Today we consider STRK price action using advanced technique. Let's go! STRK dump structure Let's use the 1D time frame to analyze this downtrend. Fortunately, it has the clear Elliott waves structure. Awesome oscillator helps us to find the most impulsive wave 3, this is the min value. After this the price formed the flat or triangle wave 4. If crypto has already significantly drop it tends to form the flat corrections without big retracement to the upside. This is because most of early bulls have been locked in their position and they shall be disappointed before reversal. Now we can see three strong signs of trend reversal. Awesome oscillator crossed zero line after wave 3 bottom reaching, it has printed bullish divergence and the momentum now is upward. In most of cases these are enough to make a decision about the entering trade, but we will make the deep dive further in different indicators.
Long
by Skyrexio
2
STARKNET (STRK)StarkNet, a layer-2 scaling solution employing state-of-the-art zero-knowledge rollups, aims to enhance Ethereum's scalability by enabling high throughput and reduced gas costs. This innovative technology provides a vital infrastructure for developing efficient and scalable decentralized applications (DApps). Given StarkNet's strategic importance in Ethereum's ecosystem and its promising technology, the next price targets for STRK could be set at $2.00, $2.4, and $5.00. Traders might consider taking a position now. This trading idea is based on the anticipation of continued interest and investment in solutions that facilitate blockchain scalability, particularly as Ethereum evolves.
Long
by icordkaz
Starknet(STRK) can Fall at least 10%!!!📈Today, I want to analyze for you a new project that is listed in most exchanges ; the name of this project is Starknet(STRK) . 📚 What Is Starknet(STRK) ❗️❓ 🔸StarkNet is a permissionless decentralized Validity-Rollup (also known as a “ZK-Rollup”). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation – without compromising Ethereum’s composability and security, thanks to StarkNet’s reliance on the safest and most scalable cryptographic proof system – STARK. 🔸StarkNet Contracts and the StarkNet OS are written in Cairo – supporting the deployment and scaling of any use case, whatever the business logic. ✅ Starknet(STRK) managed to break the Support line . 🌊According to the theory of Elliott Waves , it seems that Starknet(STRK) is forming a Double Three Correction(WXY) . 🔔I expect Starknet(STRK) to at least fall into the 🟢 Support zone($1.72-$1.67) 🟢. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Starknet Analyze ( STRKUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
36