Starknet price prediction: Buyers keep control but overbought signals appear

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Starknet jumps 4.2% ahead of token unlock

Highlights

Starknet will unlock 127 million STRK tokens worth about $5.1 million on November 15, sharply raising circulating supply.
The new STRK tokens will represent a larger share of market liquidity due to recent declines in daily trading volume.
STRK shows bullish intraday momentum and a projected price range of $0.0401 to $0.0434, but technicals indicate rising overbought risk and possible short-term consolidation.

Liquidity injection risk intensifies as token unlock outpaces trading volumes

An upcoming supply event is drawing significant market attention, as Starknet is set to unlock 127 million STRK tokens on November 15, injecting roughly $5.1 million worth of tokens into circulation, according to Cryptoticker. This tranche stands out for its outsized supply impact because recent decreases in daily trading volumes make the new tokens represent a much larger share of active liquidity than earlier unlocks. Anticipation of increased liquidity and possible heightened trading activity ahead of the unlock is shaping near-term sentiment and driving positioning in advance of the release.

Bullish edge tempered by overbought signals amid fragile trend strength

On the hourly chart, STRK is trading above the MA-20 at $0.041 and MA-50 at $0.0412, while on the daily timeframe, the price remains above the MA-200 at $0.0379. The Ichimoku Kijun at $0.0409 forms immediate support. MACD signals the presence of buy momentum and Bull/Bear Power is positive, indicating buyers’ advantage intraday, but ADX remains neutral and suggests the trend is not especially strong. Both Stoch RSI and CCI are in overbought territory, while RSI is neutral. Awesome Oscillator readings further reinforce a prevailing bullish bias, yet the cluster of overbought indications from oscillators highlights the risk of a short-term pullback.

Volatility band shapes directional risk as breakout scenarios develop

In the short term, STRK is expected to trade within a volatility band of $0.0401 to $0.0434 over the next two to three sessions. There is a 78% probability of continuation to the upside, with a 22% risk of a downward move if selling pressure returns. If the price remains within this range, consolidation is likely; a breakout above resistance could trigger extension to fresh highs, whereas a move below support would leave the asset vulnerable to a deeper retracement.

Viktoras Karapetjanc, expert at Traders Union, sees strong sentiment and favorable market structure for Starknet as buyers remain in control. He believes the upcoming 127 million token unlock is a pivotal event, intensifying trading activity and liquidity in the near term. Reduced daily volumes make this unlock more influential, drawing additional attention and positioning. The analyst expects momentum to persist, yet notes that overbought signals warrant vigilance. "I see near-term consolidation as healthy, with upside continuation likely as anticipation around the unlock fuels positive sentiment."

Previously it was reported that Starknet remained under seller pressure amid elevated volatility, with long-term support helping to limit deeper declines. The current article signals a shift in momentum to buyers, but with a major token unlock on the horizon and oscillators showing overbought conditions, traders should closely monitor for signs of a sharp reversal or volatility spike around the event.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.