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

• Starknet (STRKUSDT) rose from $0.1363 to $0.1468 over 24 hours, with strong momentum in the latter half of the period.
• A bullish engulfing pattern formed near $0.1363, followed by a strong rally above key resistance at $0.1420.
• Volatility expanded as price broke above $0.1420, with volume spiking at key breakout levels.
• RSI reached overbought territory near 70, suggesting potential for a consolidation or pullback.

Market Overview

Starknet (STRKUSDT) opened at $0.1363 on 2025-07-19 12:00 ET and closed at $0.1468 on 2025-07-20 12:00 ET, with a high of $0.1476 and low of $0.1354. Total volume for the 24-hour period was 23,988,966.99, and notional turnover was $3,446,735.22.

Structure & Formations

The 15-minute chart reveals a key support level around $0.1363, where a bullish engulfing pattern formed early on. Price then moved into a consolidation phase before breaking above resistance at $0.1420 and $0.1450. A strong bearish reversal pattern was observed near $0.1476, suggesting a potential pause in the upward move. The $0.1468 level is now the most recent high, with a possible test of this area expected in the next 24 hours.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both trending upward, with price consistently above both lines. This indicates a bullish bias in the short term. On the daily chart, the 50-period MA is at $0.1410, while the 100-period and 200-period MAs are at $0.1395 and $0.1370 respectively. Price is above all three, suggesting a continuation of the longer-term bullish trend.

MACD & RSI

The MACD line crossed above the signal line around $0.1410, confirming a bullish momentum shift. RSI reached overbought territory near 70 in the final hours of the period, indicating that the rally may pause or retrace. While the momentum remains strong, investors should watch for a pullback toward the 50-period MA at $0.1410 as a potential entry point for longs.

Bollinger Bands

Volatility expanded as price moved above $0.1420 and pushed into the upper band of the Bollinger Bands. This suggests increased market participation and a higher probability of a continuation or a short-term correction. Price is currently at the upper band, which could act as a dynamic resistance level in the coming hours.

Volume & Turnover

Volume spiked at key breakout levels, particularly around $0.1420 and $0.1450, confirming the strength of the move. Notional turnover also rose sharply during these periods, aligning with the price action. However, a divergence between volume and price may be emerging as the price nears $0.1476, suggesting a possible pause or consolidation.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from $0.1354 to $0.1476, key levels include 61.8% at $0.1428 and 78.6% at $0.1455. The price has already tested both levels, with the 78.6% retracement now acting as a potential support or resistance. A break above $0.1476 could extend the move toward the 100% level at $0.1498.

Starknet may continue its upward trajectory in the next 24 hours, particularly if it clears $0.1476 with strong volume. However, a pullback toward the 61.8% Fibonacci level at $0.1428 could occur if momentum weakens. Investors should remain cautious as RSI suggests overbought conditions and a potential correction may be in play.