Market Overview for Starknet (STRKUSDT)

• Starknet (STRKUSDT) fell 6.4% over the last 24 hours amid bearish momentum and declining volume.
• A bearish engulfing pattern formed at the high of $0.1437, signaling potential capitulation.
• RSI dropped below 30, indicating oversold conditions, but volume divergence weakens bullish signals.
• Price found short-term support at $0.136–0.138, but break below could target the $0.134–0.130 range.

Market Overview

Starknet (STRKUSDT) opened at $0.1394 on 2025-08-24 at 12:00 ET, hit a 24-hour high of $0.1437, and closed at $0.1316 as of 2025-08-25 12:00 ET. Total volume reached 14,302,900, with turnover of $1,920,400. A bearish reversal and oversold RSI highlight caution in the near term.

Structure & Formations

STRKUSDT displayed a bearish engulfing pattern at $0.1437 on 2025-08-24 18:15, where price opened at $0.1422 and closed at $0.1436 before declining sharply. This formation suggests potential short-term capitulation. A doji formed around $0.1381–0.1389 on 2025-08-24 20:30, indicating indecision as price consolidated near support. Key support levels were identified at $0.136–0.138 and $0.134–0.130, with resistance at $0.140–0.142.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below key support levels, reinforcing the bearish trend. On the daily chart, the 50-period MA at $0.1393 and 200-period MA at $0.1420 suggest that price may remain below long-term averages, signaling bearish momentum for now.

MACD & RSI

The MACD crossed into negative territory after a sharp sell-off around $0.1422 on 2025-08-24 19:45, with the histogram diverging from price as volume dropped. RSI reached 29, entering oversold territory, but the lack of volume response weakens the reliability of this signal.

Bollinger Bands

Price action expanded volatility around $0.1422–0.1437 before collapsing within a tightening band. By 2025-08-25, price settled near the lower band at $0.1316, suggesting potential for a rebound but not a reversal unless volume increases.

Volume & Turnover

Peak volume occurred at $0.1437 with 2.86 million units traded, confirming the bearish reversal. Turnover spiked to $400,000 during that session. However, volume has since declined, with recent candles showing weaker participation and divergence between price and turnover.

Fibonacci Retracements

Fibonacci levels applied to the swing high at $0.1437 and swing low at $0.1366 highlight 38.2% at $0.1402 and 61.8% at $0.1378. These levels appear to have acted as minor resistance and support, respectively, with price testing $0.1387–0.1389 before retreating.

The near-term outlook for STRKUSDT remains bearish, with price likely to test $0.134–0.130 unless a strong bullish reversal forms with increased volume. Investors should watch for a potential short-covering rally from current oversold RSI levels but remain cautious as break below $0.130 could trigger further selling pressure.