What's behind Starknet's latest 9.2% price pullback?

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Starknet drops 9.22% today on privacy launch

Highlights

Starknet introduced Shadow Accounts on October 14, 2026, enabling DeFi users to transact with shielded, pseudonymous addresses distinct from main wallets.
A token unlock event is scheduled for October 15, 2026, placing 127 million STRK into circulation amid prevailing price pressure.
STRK/USD trades near session lows after a 9.22% drop, with technical indicators mixed but longer-term trend remaining bullish within a $0.0634 to $0.1567 forecast range.

Token unlock anticipation tempers response to privacy feature debut

Starknet introduced 'Shadow Accounts' on October 14, 2026, as part of its STRK20 privacy framework, allowing decentralized finance users to conduct transactions with shielded, pseudonymous addresses separated from main wallets. The development follows previous rollouts of the STRK20 shielded token standard and a private identity verification system. A token unlock event is scheduled for October 15, 2026, releasing 127 million STRK into circulation, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, notes that STRK’s 9.22% drop reveals strong downside pressure despite the launch of Shadow Accounts and ongoing bullish technical structure. He sees the oversold Stochastic RSI and high volatility as warning signs, while the upcoming token unlock threatens further dilution. Kharitonov cautions that speculative optimism may be masking deeper risks related to supply shock and persistent selling pressure. He remains concerned by oscillator divergence after the gap down. "Traders should be wary of short-lived rallies and do not ignore signals of exhaustion in a market weighed down by fresh token unlocks."

Viktoras Karapetjanc, expert at Traders Union, views the integration of Shadow Accounts as a positive innovation enhancing privacy in decentralized finance. He believes the strong technical alignment above key moving averages indicates underlying strength even amid temporary drawdowns. Karapetjanc sees the upcoming token unlock as an event that can expand liquidity and foster renewed interest from market participants. He expects the bullish structure to remain intact with further growth likely if resistance at $0.0802 breaks. "With these developments, the market offers multiple setups for those seeking opportunity in the next upward move."

Jainam Mehta, market strategist, points out STRK’s continued trading above its major moving averages, suggesting the technical bias is still constructive. He observes the gap down and oscillator divergence as signs of tactical weakness that may invite short-term mean reversion or breakout trades. Mehta highlights that near-term direction hinges on the $0.0776-$0.0802 range, with the broad volatility band presenting both risk and opportunity. "Divergence in momentum could present contrarian entries for nimble traders if support levels hold in the coming sessions."

Bullish signals persist despite gap-induced intraday selling

STRK is trading above its 20-day, 50-day, and 200-day moving averages at $0.0585, $0.042, and $0.0357, highlighting an ongoing bullish technical structure across short, medium, and long-term timeframes. Immediate support is seen near $0.0776 (Ichimoku Kijun), with resistance at $0.0802. The bullish trend is reinforced by the alignment of the 50-day and 200-day averages. Positive momentum signals persist, with MACD and ADX both on 'buy', RSI at 62.79 flashing further buy potential, and CCI in overbought territory. However, the Stochastic RSI in oversold signals short-term exhaustion. Bull/Bear Power above zero and a bullish Awesome Oscillator confirm that buyers are leading in the intraday action. STRK is down $0.008 today after opening with a downside gap of about 2.3%, trading near session lows as intraday volatility reaches 7.98%. Oscillator divergence highlights pressure following the gap.

Previously it was reported that Starknet expanded its privacy infrastructure by launching Shadow Accounts enabling users to interact with DeFi applications through shielded and pseudonymous addresses. The current technical setup heightens the importance of monitoring the upcoming token unlock event on October 15, with immediate attention on whether STRK can maintain support above $0.0776 in volatile conditions.

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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