Starknet is falling today: what traders are watching

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Starknet Slides 25.75% Today

Highlights

Starknet's Total Value Locked recently surpassed $21 million, while bridged asset inflows exceeded $470 million, signaling strong liquidity growth and investor interest.
On-chain data reveals increased token swaps into STRK as the network benefits from its high throughput, low fees, and growing developer ecosystem.
The recent deployment of the Stwo prover upgrade has improved network performance and bolstered trader confidence in Starknet.

Rising network activity drives investor inflows and optimism

Starknet has reported a strong boost in network activity, as its Total Value Locked recently exceeded $21 million and bridged asset inflows surpassed $470 million, highlighting growing investor interest and liquidity. On-chain data shows investors are increasingly exchanging other tokens for STRK, supported by the network's continued advancements in high throughput, low fees, and an expanding developer ecosystem. The recent implementation of the Stwo prover upgrade has enhanced network performance and renewed trader confidence.

Anton Kharitonov, expert at Traders Union, views STRK’s short-term prospects with skepticism. Despite strong network metrics, the harsh 25.75% price drop signals aggressive profit-taking and fading bullish conviction. Mixed daily technicals, particularly the divergence between buyers on MACD/ADX and selling pressure elsewhere, point to heightened risk of further declines. Kharitonov notes that the lack of sustained upside above $0.1767 keeps downside exposures open. He states, “Without a recovery above $0.1767, sellers remain firmly in control and additional losses cannot be ruled out.”

Viktoras Karapetjanc, expert at Traders Union, sees recent inflows and surging Total Value Locked as strong signs of growing market confidence. He views the implementation of the Stwo prover upgrade and increased developer commitment as positive signals for ongoing adoption. Although the asset is under short-term pressure, he notes the bullish structure above major moving averages remains intact. Karapetjanc comments, “STRK still holds strategic potential — further growth is possible if momentum rebounds from current support.”

Divergent momentum and volatility as sellers pressure technical support

Momentum indicators on the daily chart are mixed: the MACD and ADX suggest buyers are still present, but several intraday readings show selling pressure. RSI and Stoch RSI are not overheated, but CCI flags an overbought zone. BBP points to lingering buyer strength, but today's dramatic 25.75% decline (from $0.233 to $0.173) and high volatility indicate dominant seller activity. The session opened below the previous close, showing a gap down, and the current price sits near the lower end of today’s range. There is strong intraday pressure from sellers, and momentum signals diverge from daily price action.

Previously it was noted that Starknet introduced non-custodial Bitcoin staking and a reward program, which increased both interest and activity in the ecosystem. Last time we reported that the session has been marked by selling pressure after the open and a heavy intraday tone despite broader momentum maintaining a mixed bias.

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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