- AI firm Giza is planning to bring autonomous bots to Starknet.
- The STRK crypto price has witnessed only 11 green days in the last 30 days.
Giza, a Web3 and AI firm, plans to deploy autonomous AI agents on Ethereum’s Starknet by June’s end. It will enable activities like yield optimization and portfolio allocation.
The agents, developed using Starknet’s Cairo language and ZK-proofs, aim to simplify blockchain use, potentially expanding blockchain adoption beyond crypto and into regulated sectors.
![Starknet](https://themarketperiodical.com/wp-content/uploads/2024/05/image-162.png)
The trading price of the Starknet crypto is highly volatile, resulting in a volatility of 13.04%. Moreover, the sentiment toward crypto is bullish and the fear and greed index is at 66, showing greed among the investors.
The derivatives trading volume of Starket Crypto has declined by 13.9% in 24 hours from press time. This shows that traders’ engagement is declining in crypto.
Despite the decline in trading volume, the crypto market cap has advanced by 4.1%. This results in a market cap value of $927.307M and a market cap ranking of #89 as per CoinMarketCap.
Derivatives Support the Bears: What’s About to Unfold?
![Starknet](https://themarketperiodical.com/wp-content/uploads/2024/05/image-163-1024x206.png)
Although the open interest of Starknet is at its lowest, the OI activity of the crypto seems static, and there is no significant change in it.
Moreover, the last 24-hour activity of Coinglass shows an advance of 9.2% in the open interest of crypto. The derivatives volume declined by 22.9%, resulting in a traded value of $64.49M.
Moreover, the long/short ratio of the crypto is 1.0623, followed by a higher long liquidation of $59.84K, while the short liquidation for the crypto is worth $17.42K.
STRK Crypto Price is in a Tight Range: What Levels to Watch?
![Starknet](https://themarketperiodical.com/wp-content/uploads/2024/05/image-164-1024x456.png)
The STRK crypto price is trading inside a small range of an ascending triangle pattern.
The overall structure of the STRK crypto price on the daily chart is further bearish as lower low swings are formed.
Thus, if the crypto price breaks above the triangle pattern, it might hit the level of $2.085. If the crypto price further breaks above the following level and sustains above the level, it will lead to a change of character to bullish.
Therefore, if the STRK crypto price sustains above the level of $2.1, the price can lead to a new all-time high, as it might attract new investors because of the positive price action.
STRK/USD Chart by TradingView
The 20-day and the 50-day EMAs plotted on the daily timeframe chart of STRK crypto show weakness in the price as both the EMAs are trading in a death cross, and the crypto price has also declined below the following EMAs.
The MACD indicator shows uncertainty in the crypto price as the MACD and the signal line are trading in a bullish cross while the metrics are trading in negative territory.
The RSI is taking support at the 14-day SMA and is slowly advancing to higher levels. It also follows a bearish cycle and currently is sustaining below the 50-level.
Summary
Starknet’s integration of autonomous AI agents by Giza aims to simplify blockchain use, potentially expanding adoption.
Despite the bullish sentiment, STRK crypto’s volatile price with declining derivatives, engagement, and bearish technical indicators paint an uncertain picture.
Breaking above $2.1 could signal bullish momentum, but lower lows and EMAs suggest ongoing weakness.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.