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

• Starknet (STRKUSDT) rose from $0.1345 to $0.1490, gaining ~10.8% in 24 hours.
• Price broke out above a key resistance cluster near $0.1400 with strong volume and bullish momentum.
• A bullish engulfing pattern formed near $0.1400, followed by a 15-minute bullish breakout above $0.1427.
• RSI surged into overbought territory, suggesting potential short-term consolidation.
• Bollinger Bands expanded, confirming increased volatility and a breakout.

Starknet (STRKUSDT) opened at $0.1345 on 2025-08-12 12:00 ET, reached a high of $0.1520, and closed at $0.1490 as of 2025-08-13 12:00 ET. The total 24-hour volume was 35,398,996.08, and notional turnover amounted to ~$5,177,202. The price trend was clearly bullish, driven by strong buying pressure late into the session.

Structure & Formations

The 15-minute chart shows a clear bullish breakout from a consolidation pattern near $0.1400. A bullish engulfing candle formed at this level, followed by a sustained move higher. Key support levels were identified at $0.1375 and $0.1345, both of which held well during the early part of the rally. The price appears to have found new immediate resistance at $0.1520 and $0.1492, with the latter marking a recent Fibonacci extension level from a key swing low.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs are both in strong upward alignment, with the price well above both. On the daily timeframe, the 50-period SMA is near $0.1400, which the price decisively broke above. The 100-period and 200-period SMAs remain lower, suggesting a strong medium-term bullish bias if this momentum continues.

MACD & RSI

The MACD crossed into strong positive territory during the breakout phase, confirming bullish momentum. RSI pushed into overbought territory (~80), suggesting a potential pullback or consolidation before further gains are likely. However, as long as RSI remains above 50, the bias remains clearly to the upside.

Bollinger Bands

Bollinger Bands expanded significantly during the breakout, indicating increased volatility. Price action remained near the upper band for most of the final 4–5 hours of the session, reinforcing the strength of the move. A pullback toward the middle band (~$0.1450–$0.1460) would be a natural area to watch for confirmation of a healthy bullish trend.

Volume & Turnover

Volume spiked notably during the breakout above $0.1427, with the highest 15-minute volume recorded at $0.1465–$0.1467. Total turnover was in line with the price move, with no major divergence observed. The buying pressure was particularly strong during the 08:15–14:30 ET timeframe, suggesting strong institutional or large-cap buyer participation.

Fibonacci Retracements

On the 15-minute chart, the price moved above the 61.8% Fibonacci retracement level from a key swing low near $0.1345, indicating strong bullish conviction. On the daily chart, the 38.2% and 61.8% levels are at ~$0.1410 and $0.1445 respectively, making these key zones to watch in the next 24–48 hours.

Looking ahead, STRKUSDT may test $0.1520 as the next key resistance level, with a potential pullback to $0.1460–$0.1470 offering a strategic re-entry opportunity. Traders should watch for any breakdowns below the 20-period SMA or RSI turning negative, which could signal a short-term reversal risk.