STRK climbs more than 12% after nonbinding poll sparks bullish momentum

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Starknet surges 12.34% today on governance news

Highlights

Starknet holders completed a nonbinding poll assessing potential research into transitioning from Ethereum Layer 2 to an independent Layer 1 blockchain.
Starknet Foundation made the Bramble wallet extension available for STRK20 users, offering privacy features and multisig management on Chrome.
STRK/USD trades at $0.0623 after a 12.34% daily gain, with technical signals mixed and an expected five-day range of $0.0332 to $0.0748.

Volatility rises as sentiment shifts and Bramble wallet launches

Starknet holders recently concluded a nonbinding poll on October 22 to evaluate researching a shift from its role as an Ethereum Layer 2 to an independent Layer 1 blockchain. This polling process triggered significant volatility in network activity, including pronounced swings in address and wallet creation data. The Starknet Foundation also launched the Bramble wallet extension for STRK20 users, enabling privacy features and multisig management via Chrome.

Anton Kharitonov, expert at Traders Union, sees STRK’s recent rally as vulnerable and short-lived. He notes persistent seller pressure below the 20-day moving average at $0.0677 despite bullish long-term indicators. Volatility following the governance poll highlights uncertainty around Starknet’s transition plans. Technical momentum signals remain mixed and point to unresolved divergence. "Buyers face headwinds here — I see limited upside until STRK can clear $0.0677 and prove sustained strength."

Viktoras Karapetjanc, expert at Traders Union, highlights the growing optimism as Starknet holders show interest in network independence. He points to the recent launch of the Bramble wallet extension as strengthening the ecosystem and supporting adoption. Karapetjanc expects further growth due to medium- and long-term bullish structure. He remains confident that market opportunities remain intact. "With new features and community engagement, I expect STRK to approach the upper end of its projected range this week."

Sholanke Dele, market strategist, observes wary sentiment as STRK trades below its near-term ceiling and sellers dominate intraday action. He warns that network volatility after the governance poll may weigh on stability. Dele remains cautious about downside risks if support at $0.0589 fails. "There is still too much uncertainty for conviction buying — for now, defensive positioning is justified."

Mixed momentum and resistance converge as buyers test session highs

STRK/USD is currently trading below its 20-day moving average at $0.0677, but above the 50-day at $0.0479 and 200-day at $0.0369, indicating short-term seller pressure amid continued medium- and long-term bullish structure. The near-term ceiling stands at $0.0677, while immediate support aligns with today’s high at $0.0589. The Ichimoku Kijun at $0.0826 remains a distant trend confirmation for ongoing bullish momentum. Momentum signals show a mixed picture: MACD and ADX both lean bullish, but the RSI reads 47.13 with a "Sell" signal and Stochastic RSI flags oversold conditions; CCI and Awesome Oscillator are neutral. Bull/Bear Power (BBP) is negative at -0.008, highlighting intraday seller dominance even as prices trade near session highs with 6.70% volatility. This session reflects notable upside strength into the upper part of the daily range, but momentum indicators point to a divergence between price action and underlying strength.

Previously it was reported that Starknet faced notable selling pressure and heightened volatility following governance-related developments and liquidations. The latest analysis indicates that, while medium- and long-term bullish momentum persists, traders should monitor for a clear breakout above $0.0677, which could shift the balance decisively toward further gains in the coming sessions.

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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