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Starknet price prediction: What’s next after 30% gains in 3 days?

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The long/short accounts ratio fell dramatically in the past two days to show profit-taking activity.

Starknet price prediction: What's next after 30% gains in 3 days?
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  • The Starknet price prediction promised a move to $0.51 and $0.62.
  • Profit-taking activity increased as STRK approached the $0.5 resistance.

Starknet [STRK] has gained 29.74% in the past three days and saw a minor pullback of 2.5% in the two hours before the time of writing. The technical indicators showed a strong bullish outlook.

Since April, the token has been in a downtrend. From the 8th of April to the 23rd of September, the coin had shed 81.8% of its value.

The recent gains are encouraging, but it is also possible that long-term holders want to exit at break-even.

Starknet price prediction

Starknet 1-day Chart

Source: STRK/USDT on TradingView

On the bright side, the long-term downtrend was followed by a range formation from August to nearly the end of September.

This three-month consolidation and breakout offered an ideal accumulation opportunity, and the breakout was on high volume.

The OBV easily cleared the local highs and signaled high demand over the past two weeks. The daily RSI also underlined the strong momentum.

The former support level at $0.51 and the resistance in July at $0.62 are the next targets for STRK. Investors who entered after August can consider taking profits, but earlier holders might have other ideas.

Do they choose to hold on to a coin that needs to rally 300%-400% to reach the levels it was at in April?

Or do they try to get out of STRK as close to breaking even as possible and try their luck with another coin they deem has more promise?

Only investors who have done their research and maintained conviction in the token would have held. These are the ones that would be willing to wait for $2+ prices, but they are likely in the minority.

Futures data shows price volatility ahead

Starknet Liquidation Levels

Source: Hyblock

There was a high positive cumulative liq levels delta that indicated long positions could get squeezed. A price drop to $0.47 and $0.44 in the coming 24–48 hours was possible.

Starknet Coinalyze

Source: Coinalyze

Such a dip could offer a buying opportunity, provided the spot CVD does not fall too steeply. The Open Interest continued to show a bullish speculative market.


Realistic or not, here’s STRK’s market cap in BTC’s terms


Yet, the long/short accounts ratio fell dramatically in the past two days. It was still in favor of the bulls, but the steep fall indicated that many long positions were closed as the price rallied.

The market might need time and a minor retracement before it can advance higher.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

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Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories. His distinct analytical method is grounded in his academic training as a Chemical Engineer. This background provides him with a systematic, process-oriented approach to market data, enabling him to analyze the complex dynamics of financial markets with precision and objectivity. Having actively covered the cryptocurrency space since the landmark 2017 market cycle, Akashnath possesses years of experience navigating both bull and bear markets. This seasoned perspective is critical to his insightful reporting on market volatility and evolution. As an active market participant, Akashnath enhances his analysis with crucial, hands-on experience. This practical application of his technical skills ensures his insights are not merely theoretical, but are also relevant and actionable for an audience looking to understand and navigate trading opportunities. He is dedicated to educating readers on the nuances of technical analysis, empowering them with the knowledge to make more informed financial decisions.
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