Starknet (STRKUSDT) Market Overview: 24-Hour Analysis (2025-07-20 12:00 ET to 2025-07-21 12:00 ET)

Summary
• Starknet traded in a volatile range, forming a bullish breakout above 0.1520 in the early hours of 2025-07-21.
• A key 15-minute bullish engulfing pattern formed at 0.1524–0.1528, indicating potential momentum to the upside.
• Volume surged during the breakout, confirming strength in the move toward 0.1555.
• RSI reached overbought territory in the final hours, suggesting possible short-term pullback.
• Bollinger Bands expanded as volatility increased, with price closing near the upper band.

Starknet (STRKUSDT) opened at 0.1487 on 2025-07-20 at 12:00 ET, reached a high of 0.1576, a low of 0.1465, and closed at 0.1531 on 2025-07-21 at 12:00 ET. Total volume traded was 227,105,621.10 and total turnover was approximately 34,600,873.60 USD over the 24-hour period.

Structure & Formations

The 15-minute chart revealed a key bullish breakout from a descending consolidation pattern between 0.1465 and 0.1520. A bullish engulfing pattern formed at 0.1524–0.1528, suggesting a shift in sentiment. A bearish doji at 0.1555 in the final hours may indicate short-term exhaustion. Key support levels appear at 0.1510 and 0.1490, while resistance is at 0.1555 and 0.1570.

Moving Averages

On the 15-minute chart, price closed above the 20-period and 50-period moving averages, confirming a short-term bullish bias. On the daily chart, the 50-period MA appears to be crossing above the 100-period MA, signaling potential longer-term strength.

MACD & RSI

MACD showed a bullish crossover in the early morning hours, with histogram bars expanding during the breakout. RSI reached overbought territory (above 70) in the final 15-minute candle, indicating possible short-term profit-taking. However, RSI remains above 50, suggesting bullish momentum is still intact.

Bollinger Bands

Bollinger Bands expanded as volatility increased, particularly after 0.1520 was breached. Price closed near the upper band, indicating strong conviction in the move higher. A contraction in band width prior to the breakout may have signaled a potential reversal in momentum.

Volume & Turnover

Volume spiked during the breakout from 0.1520 to 0.1555, with a 15-minute candle at 08:15 ET showing a volume of 2.2 million and a turnover of 340,000 USD, the highest in the 24-hour window. Turnover and price moved in tandem, confirming the strength of the rally.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.1465 to 0.1576, key levels are at 0.1534 (38.2%) and 0.1510 (61.8%). Price found initial resistance at the 38.2% level and may face a test at 0.1555 in the next 24 hours.

Starknet appears to be consolidating after a strong breakout, with the potential to test 0.1570–0.1580 in the coming 24 hours. However, traders should watch for a pullback toward 0.1510 as a potential support test. As always, volatility in the crypto market remains high, and rapid reversals are possible.