- STRK token price has declined to a significantly in the last few months.
- The Starknet token price is 89% below its all-time high of $3.66.
The STRK token price was highly volatile at 15.93% at the time of writing. The token’s market cap dominance was 0.03%, which made it the 91st-ranked in the global crypto market.
The Starknet token price had declined by 83.7% in the previous 1 year. The traded volume value for the token further declined by 13.5% in the last 24 hours.
The decline in the volume was followed by a slight rise of 2.3% in the token’s market cap in the last 24 hours. It showed how weak the demand for the token was at press time. Also, the token’s market cap value was $616.711 Million.
The token’s volume/market cap ratio was 9.87%, indicating medium liquidity. The token’s maximum supply and the total supply were 10.0 billion STRK. It resulted in a fully diluted market cap of $3.808 Billion, much higher than the token’s spot market cap.
STRK’s sentiment was bearish, as per CoinCodex, and the Fear and Greed Index was at 48, which showed neutral sentiment among the investors.
The recorded short liquidation for the token was worth $86.58K in the last 24 hours from the press time. This was followed by a long liquidation of $25.85K, and the token’s derivatives traded volume was worth $103.42 Million.
Starknet Token Financial Data Analysis
The Starknet token had 12.4K followers at press time, and the top 10 token holders held 62.97% of the total supply.
Following the last few months, the number of token holders consistently advanced, which showed a rise in investors’ confidence. The large holders’ concentration was 90%, and only 8% of the token holders were in profit at press time.
Additionally, 4% of the token’s holders have held it for more than 1 year, while 25% have held it for less than 1 month.
STRK Token Technical Analysis
STRK has been entrenched in a strong downtrend, consistently declining over the past several months.
The formation of lower highs and lower lows has characterized this prolonged downward movement. It underscored a persistent bearish sentiment in the market.
In the latest price action, STRK formed equal highs on the chart. This pattern often indicated potential resistance and could suggest that the token may face further downward pressure.
Given the overall negative structure of STRK’s price, the possibility of continued decline appears strong.
Starknet Token Technical Indicator Analysis
The STRK token price was trading below the 20-day and the 50-day EMAs for a long time on the daily chart. This led to a decline of 75% in the trading price in just the last two months.
STRK/USD Chart by TradingView
The supertrend on the chart also gave a strong sell signal, which was sustained for a very long time. The MACD and the signal line have traded negatively, and their metrics overlapped. This indicated uncertainty in the token’s price trend.
The RSI had declined to the oversold zone and followed a bearish cycle for a long time. This showed a weak trend in the STRK token price.
The STRK token price might take support at the lower levels of $0.100 and 0.20, followed by the resistance levels of $0.60 and $1.0.
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.
