What is behind Starknet's recent gain in value today

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Starknet surges 10.38% today to $0.0404

Highlights

Starknet's Shinobi upgrade has activated native privacy features, advancing the network toward a privacy-preserving mainnet.
Ongoing development includes forthcoming zkThreads, SNIP-13 compliant token contract enhancements, and anticipated STRK20 and strkBTC integrations.
STRK/USD trades in a short-term bullish range with $0.0350 support and $0.03–$0.05 expected sideways price corridor; technical indicators warn of overbought risk and weak trend momentum.

Sentiment boost as Shinobi upgrade sparks ecosystem optimism

Starknet has implemented the Shinobi upgrade, introducing native privacy features to its mainnet. This development transitions the network toward a privacy-preserving platform, and sets the stage for future enhancements such as zkThreads and technical improvements to StarkGate token contracts following the SNIP-13 standard. Anticipation for the launch of STRK20 and strkBTC integrations is also contributing to positive sentiment in the Starknet ecosystem.

Anton Kharitonov, expert at Traders Union, sees Starknet’s technical setup as fragile despite the short-term bounce above $0.0400. He notes the asset is still trading far below its 200-day moving average, with momentum indicators giving mixed signals and the ADX at a low 16 highlighting no clear trend. Kharitonov points out that dynamic support at $0.0350 is vulnerable, and oscillators show signs of overheating. He remains critical of the long-term outlook, emphasizing that upside is capped and key weekly indicators are negative. "Traders should stay defensive — the lack of sustained trend and overbought oscillators raise the risk of a reversal soon."

Viktoras Karapetjanc, expert at Traders Union, focuses on the fundamental impact of Starknet’s Shinobi upgrade. He highlights the strong ecosystem sentiment as native privacy features go live, driving anticipation for upcoming integrations like STRK20 and strkBTC. Karapetjanc believes this technology narrative supports investor confidence and positions Starknet well for growth. He notes the current bullish structure above both key short-term averages as positive for near-term action. "With this innovation cycle underway, I expect further opportunities for upside and continued strength in network adoption."

Mixed momentum as resistance emerges amid overbought signals

STRK/USD is trading above the 20-day ($0.0344) and 50-day ($0.0363) moving averages, but well below the 200-day ($0.0843), indicating a short-term bullish bias, a medium-term recovery attempt, and lingering long-term resistance. Dynamic support is now at the Ichimoku Kijun level ($0.0350), with the next barrier likely near the $0.0425 – 0.0430 zone. Momentum indicators are mixed: MACD on the daily chart signals neutrality, and Average Directional Index (ADX) value of 16 highlights a trendless environment. The daily Relative Strength Index (RSI) is safely in buy territory, but Stochastic RSI and Commodity Channel Index (CCI) readings both indicate overbought conditions. Bull/Bear Power (BBP) is above zero, showing buyers dominate intraday momentum, corroborated by a supportive Awesome Oscillator (AO). Prices are mid-range for the day, with intraday volatility at 12.40%. The intraday tone is constructive but faces resistance toward session highs. Some oscillators warn of overheating, diverging from momentum and power gauges that favor buyers.

Earlier, analysts noted that Starknet was entrenched in a protracted bearish trend with persistent downside risks. The latest developments—a technical upgrade and signs of short-term bullish momentum—signal a shift in market sentiment, making the $0.0430 resistance level pivotal for any sustained recovery in the days ahead.

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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