Key Takeaways
What is driving STRK’s recent bullish momentum?
Rising TVL above $21M and over $470M in bridged liquidity signal strong investor inflows and increasing confidence.
What could challenge STRK’s upward trend?
Price is testing the $0.27 resistance with a Doji and overextended Bollinger Bands, signaling possible short-term correction.
Starknet has continued to build momentum in the market, a sentiment that has persisted for the past 30 days.
The asset gained 91% within seven days — the last 24 hours added another 21%, pushing the price to $0.25 at press time, as volume continued to build steadily.
STRK sees rising inflow
There has been notable on-chain inflow into Starknet [STRK], which has supported the recent rally over the past day.
About $10.16 million worth of STRK has been purchased and locked for long-term holding within various protocols.
This activity reflects a long-term outlook, as investors expect to earn interest by locking assets in pools while positioning for a broader market rally.
Over the past month, total inflows, as reflected by the rise in TVL, have reached $19.4 million.
Source: DeFiLlama
DeFiLlama reported a similar increase in the TVL of bridged assets, which measures the dollar value moved from other tokens into STRK.
This figure has risen to $470 million, according to Canonical Bridged Value, a metric that tracks liquidity movement.
This indicates that investors have swapped other tokens for STRK, highlighting a strengthening bullish sentiment in the market.
Bullish outlook faces a hurdle
The bullish outlook reflected in on-chain activity has reached a critical level, where renewed liquidity now becomes essential.
Price has moved into the $0.27 region on the chart, an area that previously recorded rejection. This is confirmed by the formation of a Doji candlestick, which suggests rising selling pressure at that level.
Source: TradingView
If selling volume persists, STRK could slide further on the chart. However, if bulls regain control, two key levels to watch are $0.317 and $0.345.
These zones remain important as they represent fair value gaps—areas on the chart where large unfilled orders remain. When price approaches these zones, it often provides support for a potential rally.
Indicators give mixed signals
The likelihood of a continued rally presents mixed readings on the technical indicators.
The Aroon indicator, which measures trend strength, suggests there is potential for STRK to extend its move higher.
This is evident as the Aroon Up line (orange) remains at 100%, while the Aroon Down line (blue) continues to decline and approaches the 0% level.
While this pattern reflects bullish conditions, the Bollinger Bands present a caution signal, as price has crossed into the overvalued region.
Source: TradingView
This occurs when price moves above the upper band, a sign that the asset may be overheated and could experience a short-term correction.
If a pullback occurs, price may stabilize around the middle band before any further upward movement, assuming bullish momentum remains intact in the market.
