Starknet (STRK) is still under pressure, but stability marks began to appear. Despite the launch of 127.6 million symbols in trading in its next opening, the project is pushing forward with adoption efforts, including enabling STRK payments in 15,000 stores all over the world.
Technically, the RSI in a neutral area, and CMF shows a decrease in the pressure pressure, hinting to a potential transformation in the momentum. However, EMA lines still reflect the declining direction, while maintaining expectations at the present time.
Starknet RSI is still neutral
Starknet was one of the most distinctive symbols expected in the third week of April, when it released 127.6 million distinct symbols of $ 15.71 million in trading.
Despite this main event of supply, the project tries to build a long -term benefit.
Recently, I announced this STRK can now be used for payments In 15,000 stores around the world-a step aimed at enhancing adoption and use in the real world.
From a technical perspective, RSI’s STRK is now 42.92, recovering from 37.29 yesterday, but it decreased slightly from 44.76 earlier today.
The RSI (RSI) index measures momentum on a scale from 0 to 100, with readings above 70 usually indicates excessive conditions purchased and less than 30 areas in the sale.
RSI suggests about 43 neutral momentum to line, where sellers still maintain some control. If the RSI continues to climb, it may indicate a shift towards a recovery, but for the moment, Strk is still in a cautious area.
STRK CMF buyers appear backplace
The flow of Chaikin money in Starknet (CMF) improved to -0.10, a height from -0.32 yesterday, indicating a decrease in the sale of pressure.
CMF is an indicator based on size that measures the flow of money inside or outside the original over time. It ranges from -1 to +1, with values higher than 0 indicates the purchase (accumulation) and under 0 indicating the sale (distribution).
Although it is still in negative lands, the height towards the neutral line indicates that the declining momentum weakens. Reading CMF from -0.10 points for moderate outflows, but the upscale shift may hint to the increasing interest from buyers.
If this trend continues and CMF moves to a positive area, the short -term recovery may support the STRK price.
Will Starknet decrease to less than $ 0.11?
EMA lines in Starknet continue to reflect a declining direction, as short-term averages are placed under long-term lines-a classic declining preparation.
If this pattern retains and increases the pressure pressure, STRK may decrease more to test the support level near $ 0.109.
However, if the momentum and Strk transformations have managed to reversed the current trend, it may start re -testing the key resistance levels at $ 0.137 and $ 0.142.
The collapse over these areas may open about 0.158 dollars, indicating a stronger recovery.
Disintegration
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