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06/08 06:15

 StarkNet is a Layer 2 scaling solution for Eth

 

StarkNet is a Layer 2 scaling solution for Ethereum that leverages STARK-based zero-knowledge rollups to drive high throughput and low transaction costs. Developed by StarkWare, it ensures security through cryptographic proofs. Its native token, STRK, is used for governance, staking, and covering transactions. The token is accumulating along the lower support and hence a rebound could be imminent. 

As seen in the above chart, the STRK price is testing the lower support of the parallel channel. The price has dropped below the 50-day MA, which has circulated bearish clouds over the crypto. The RSI is about to reach the lower threshold, which may attract significant liquidity that may help the price to trigger a rebound and rise back above the 50-day MA and eventually reach $0.2. 

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