While many altcoins are still dipping, STRK appears to have found support as it continues to rise daily. It currently looks indecisive, but the landscape may change soon as it shows signs of strength.
The last two weeks have been a tough period in the overall crypto space as most altcoins extended bearish amid recent drops in Bitcoin’s price.
STRK, on the other hand, has remained calmly indecisive for over a month as the price continues to move sideways on the daily chart. But looking at the current price actions, it appeared to have found a bottom and is likely to change the trend soon.
Currently, the crypto is facing a minor $0.45 resistance after making a small bounce last week. A surge above this minor resistance could bring a nice recovery in the market before falling back. Recovering above June’s resistance could lead to a change in the trend.
While August’s low continues to support the market, a break below it could trigger another leg down on a mid-term scale.
Though the trend remains bearish but it is gaining traction following a 12% increase in the last 24 hours. STRK currently leads the top gainers chart with $164 million in traded volume.
STRK’s Key Level To Watch
If STRK pushes through the minor resistance level, it may face hurdles at $0.6 and majorly the $0.76 resistance on the way up. Higher resistance levels to keep in mind are $1 and $1.4.
It currently sits on the $0.32 support – last month’s low. If the price breaks lower, the key drop levels to watch for tests are $0.2 and $0.1.
Key Resistance Levels: $0.76, $1, $1.4
Key Support Levels: $0.32, $0.2, $0.1
- Spot Price: $0.435
- Trend: Bearish
- Volatility: Low
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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