Starknet is rising today: what traders are watching

Traders Union
All News
Crypto News
Starknet Surges 10.63% Today to $0.15

Highlights

Starknet launched its v0.14.1 mainnet upgrade, delivering faster block production during low activity and a new BLAKE hash function standard.
Enhancements to Starknet's JSON-RPC stack aim to improve developer tooling and indexing capabilities for the network.
Approximately 700 million STRK, representing about 17% of circulating supply, are currently staked on Starknet.

Network upgrades and staking sustain positive sentiment amid technical changes

Starknet has launched its v0.14.1 mainnet upgrade, introducing faster block production during periods of low activity, a new BLAKE hash function standard to improve proof efficiency and reduce costs, and enhancements to its JSON-RPC stack for improved developer tooling and indexing. This follows the earlier deployment of the Stwo prover on November 5, which replaced the previous proof system. Network engagement remains active with roughly 700 million STRK staked, or about 17% of circulating supply.

Anton Kharitonov, expert at Traders Union, sees Starknet trading below its 20-day moving average while clinging to medium- and long-term supports. He cautions that mixed technical signals such as a sub-50 RSI and negative CCI underline weak demand and risk of near-term downside. While the recent network upgrade brings operational improvements, it is not translating into immediate price strength. Kharitonov notes that only a sustained move above $0.1873 would signal a reversal. He concludes, "Traders should be wary of further volatility, as STRK’s bullish momentum remains vulnerable to swift reversals below $0.1405."

Viktoras Karapetjanc, expert at Traders Union, highlights the technical resilience of STRK above its 50- and 200-day moving averages. He views the mainnet upgrade and efficient staking participation as strong positives for the network's long-term adoption. Karapetjanc believes that despite tactical weakness, the bullish structure remains intact and further growth is likely once short-term pressure subsides. He emphasizes that the market offers opportunities for buyers looking to capitalize on volatility. He asserts, "Enhanced fundamentals and active development set the stage for a decisive move higher in the coming weeks."

Bullish momentum intensifies as mixed signals shape volatile session

Momentum indicators for STRK offer a mixed but generally positive outlook on daily timeframes. The MACD and ADX signal strengthening bullish momentum, though the RSI near 46 and negative CCI point to lingering risk of short-term overextension. The Stochastic RSI is oversold, suggesting a potential for a bounce, while BBP favors sellers on the daily chart but intraday readings shift toward buyer dominance. The Awesome Oscillator's upward bias aligns with a strong 10.63% intraday move, with the price closing near session highs and no significant gap from the previous close, emphasizing pronounced intraday volatility and prevailing buyer strength. Dynamic support is at the MA-50 ($0.1405), and immediate resistance resides near the Ichimoku kijun value at $0.1873. Although there is divergence among momentum and oscillator indicators, upward momentum currently underpins the bullish performance.

Previously it was noted that Starknet introduced non-custodial Bitcoin staking and a reward program, boosting user interest and ecosystem activity. Last time we reported that the session has been marked by selling pressure after the open amid a heavy intraday tone.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.