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Market Overview: Starknet (STRKUSDT) 24-Hour Technical Summary

TradeCipherThursday, Jul 17, 2025 9:03 am ET

3min read

Aime Summary

- Starknet (STRKUSDT) traded between $0.1394–$0.1507, closing at $0.1428 after volatile consolidation.

- RSI hit overbought levels before a pullback, while volume surged during key price swings, especially late ET.

- A bearish engulfing pattern and expanding Bollinger Bands signaled rising volatility and short-term bearish bias.

- Fibonacci retracements highlighted critical support at $0.1415 and resistance near $0.1450, with potential for further directional moves.

• Starknet (STRKUSDT) traded in a 24-hour range of $0.1394–$0.1507, closing at $0.1428 after a volatile consolidation phase.
• Momentum shifted multiple times, with RSI briefly hitting overbought levels before a pullback.
• Volume surged during key price swings, especially during the late ET rally, suggesting active participation.
• A bearish engulfing pattern formed around 20:30 ET, hinting at short-term bearish bias.
• Bollinger Bands showed a recent expansion, indicating rising volatility and potential for further directional moves.

Starknet (STRKUSDT) opened at $0.1419 on 2025-07-16 at 12:00 ET and closed at $0.1428 on 2025-07-17 at the same time. The 24-hour high and low were $0.1507 and $0.1394, respectively. Total volume amounted to approximately 79,655,196.88, with notional turnover reaching $11,456,850. The price action reflects a volatile but ultimately range-bound session with strong intraday swings.

Structure & Formations

The 15-minute chart showed a key support level forming around $0.1415–$0.1420, with price bouncing back from that area multiple times. A bearish engulfing pattern emerged around 20:30 ET, suggesting a short-term reversal from bullish momentum to bearish bias. A bullish pinocchio candle also appeared at the session low, hinting at potential support. Resistance appears to be forming at $0.1450–$0.1460, where price stalled on several occasions during the session.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart are in a bullish crossover, indicating short-term bullish momentum. However, this is counterbalanced by the 50-period moving average on the daily chart crossing below the 200-period line, a bearish signal that suggests medium-term bearish pressure. Price is currently trading slightly below the 50-period MA on the daily chart, indicating bearish control.

MACD & RSI

The MACD crossed above the signal line during the midday rally, confirming bullish momentum. However, the RSI briefly entered overbought territory (~75) around 18:30 ET before reversing lower, suggesting exhaustion in the bullish move. A bearish divergence formed between the RSI and price during the late session pullback, increasing the likelihood of further downside in the near term.

Bollinger Bands

Bollinger Bands expanded during the late ET price action, indicating rising volatility. Price has spent most of the session near the upper and lower boundaries, suggesting a volatile but indecisive market. The recent consolidation near the middle band may indicate a potential breakout or continuation of the range-bound behavior.

Volume & Turnover

Volume spiked during the early ET rally and the late ET sell-off, with the largest single 15-minute candle (18:45–19:00 ET) recording a volume of ~1.4 million and a turnover of ~$210,000. Notional turnover confirmed the price action, with high turnover accompanying significant price moves. A divergence between volume and price occurred during the 04:30–04:45 ET candle, where volume increased but price declined slightly, suggesting bearish pressure.

Fibonacci Retracements

Applying Fibonacci to the key swing high at $0.1507 and the swing low at $0.1394, the 38.2% retracement level is at ~$0.1443, where price found resistance twice. The 61.8% level at ~$0.1419 coincided with a support zone, and price bounced off this level multiple times. A breakdown below $0.1415 would suggest further bearish potential toward the 50% retracement at ~$0.1406.

STRKUSDT may test key support at $0.1415 in the next 24 hours, with a potential for a breakout from the current consolidation range. Traders should remain cautious of bearish divergence in RSI and the bearish engulfing pattern, which may signal further downside. However, volatility remains high, and a rebound above $0.1450 could rekindle bullish momentum.

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