Starknet price drops — what’s behind today’s move

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Starknet Slides 10.72% Today

Highlights

Starknet will unlock approximately $13 million worth of STRK, significantly increasing circulating supply amid fragile market sentiment.
Widespread buyer caution has intensified in anticipation of the STRK token unlock event, affecting trading activity and risk appetite.
Immediate resistance for STRK is at $0.109, with $0.10 identified as a crucial support level should additional supply pressure continue.

Buyer caution intensifies amid pending token unlock and supply concerns

Starknet faces notable pressure from an upcoming token unlock that will introduce approximately $13 million worth of STRK into the market, increasing circulating supply at a time of fragile sentiment. This event has contributed to widespread caution among buyers and has shaped the cautious environment around the token. Immediate resistance has been identified at $0.109, and there is increased attention on the $0.10 support level should supply pressures persist.

Anton Kharitonov, expert at Traders Union, sees Starknet (STRK) under firm selling control as it trades well below all key moving averages. He points out that the impending $13 million token unlock adds significant risk, especially with recent volatility and lack of meaningful support above the current price. Price momentum is sharply negative, as supported by bearish technical signals and high intraday volatility. Kharitonov notes that the probability for a recovery remains very limited, and downside risks dominate the outlook. "Given these factors, I see no fundamental catalyst for a rebound — traders should stay defensive until clear evidence of support emerges."

Viktoras Karapetjanc, expert at Traders Union, believes the current weakness in STRK creates a potential setup for forward-looking investors. He highlights that while the token unlock poses short-term supply risks, such events often reset the market and create longer-term entry points. Karapetjanc maintains that market structure remains intact as long as $0.10 support holds and expects opportunities for growth to emerge. He encourages focusing on developing sentiment and volatility bands for tactical positioning. "Despite immediate pressures, I see this as a constructive environment for buyers to plan for upside participation on stabilization."

Parshwa Turakhiya, analyst, notes STRK is struggling as sellers dominate the intraday action, pushing the price near session lows. He sees immediate sentiment fragile, with momentum and oscillators pointing to more short-term downside. However, Turakhiya also observes that oversold conditions could spark a sharp technical rebound if the $0.10 level is defended and news flow improves. He advises traders to stay nimble and watch for shifts in sentiment around key levels. "With strong selling but oversold readings, I'm watching closely for potential reversal setups if the market calms down."

Bearish momentum reinforced as price holds near session lows

The dynamic resistance is set by the Ichimoku Kijun at $0.1874, while there is no meaningful short-term support above the current price. Momentum indicators reinforce a strong bearish sentiment, with both MACD and ADX pointing to weak and negative momentum. RSI and CCI both reflect oversold conditions, while Stoch RSI is also registering oversold except on the one-hour chart. Intraday dynamics are dominated by sellers, as shown by negative BBP readings and a day-to-day drop of 10.72%. There was no significant gap at the open, and the current price is near today's session low, reflecting high intraday volatility with sustained downside pressure after the open. Momentum and oscillator signals broadly align with the direction of today’s sharp decline.

Previously it was reported that Starknet remained under persistent bearish pressure, trading well below key moving averages and encountering mixed momentum signals with MACD and oscillators indicating continued seller dominance. Immediate support was noted near the current range, while the price outlook favored further downside within a defined band as buyers attempt to absorb selling pressure.

Source of Data: STRK Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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