Starknet cools after a blistering surge as traders eye key support and next resistance levels.
Starknet’s (STRK) token fell nearly 9% on Tuesday, cooling after a blistering rally that saw it soar more than 56% in a week.
The pullback comes as traders lock in profits following the network’s biggest surge in months and renewed hype around Layer-2 scaling solutions.
Despite the dip, STRK is still trading around $0.16, up from under $0.13 a week earlier. The token’s market value has climbed by roughly $490 million in that span, while total value locked (TVL) remains near $254 million, close to January highs.
The cryptocurrency market regained its footing Monday, with Starknet (STRK) emerging as one of the day’s top performers. STRK surged more than 49%, lifting its price to over $0.217 and adding roughly $300 million to its market value.
The rally marks a 127 % gain over the past month, putting Starknet at the center of renewed optimism for Ethereum’s scaling solutions.
The upswing follows several key upgrades to Starknet’s ecosystem. Earlier this month, the network launched the S-Two prover, a new proof system built on Circle STARK technology that cuts costs and boosts transaction throughput.
It also rolled out BTCFi integrations, allowing Bitcoin holders to stake BTC for STRK rewards without giving up custody. The program has already drawn more than $200 million in deposits, according to the project.
Adoption is also expanding through LayerZero’s bridge, which links Starknet to 150 blockchains and processes over $170 billion in monthly transactions.
What’s Next for STRK Price?
Still, short-term risks remain. Technical indicators show STRK trading near overbought levels, and a $20.20 million token unlock scheduled for November 15 could pressure prices.
Analysts say, if STRK can hold above $0.20, buyers may attempt another leg higher toward $0.26, the next resistance zone. A decisive break through $0.26-$0.28 on strong volume could open the path to $0.33.
On the other hand, if the token loses momentum, traders may look for support around $0.11.
Why This Matters
Starknet (STRK) sharp swings highlight how investor appetite for Ethereum Layer-2 networks is heating up again, signaling renewed confidence in scaling projects.
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