Ethereum

Based

bullish

Starknet

Read

<p>With a newfound rally, the STRK price exceeds a long-standing sideways trend in a bull market. Following the breakout, the bulls anticipate a post-retest reversal on the horizon.&nbsp;</p>  
<p>Will the post-retest reversal in the STRK price trend result in a jump to the $0.953 mark? Check out Coinpedia’s latest price analysis of Starknet to find out more.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-starknet-strk-price-performance">Starknet (STRK) Price Performance</h2>  
<p>In the daily chart, the STRK price trend focuses on the resistance trendline takeout rally gaining momentum. Starting the recovery rally from $0.336, the trend has now increased by nearly 80%.&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/27123319/image-23-1024x509.webp" alt="STRK Price Chart" class="wp-image-385966">
</figure>  
<p><a href="https://www.tradingview.com/x/KFv7Q5RK/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>Currently, the STRK price is at $0.606 with an intraday gain of 5.01%. The ongoing rally showcases a consolidation range breakout.&nbsp;</p>  
<p>The consolidation range extended between $0.34 and $0.55. These boundary lines coincided with the Fibonacci base level and the 23.60% level.&nbsp;</p>  
<h3 class="wp-block-heading" id="h-technical-indicators">Technical Indicators:</h3>  
<p>EMA: As the recovery rally gains momentum, the 50-day and 100-day EMA are preparing for a bullish crossover.&nbsp;</p>  
<p>MACD: The massive moonshot rally in MACD and signal line continues with the STRK price recovery.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-will-starknet-price-hit-1-71">Will Starknet Price Hit $1.71?</h2>  
<p>Currently, the STRK price trend retests the consolidation range breakout and is preparing for a post-retest reversal. The intraday growth makes a bullish engulfing candle and completes a morning star pattern. This improves the chances of an extended bull run.&nbsp;</p>  
<p>Based on the Fibonacci levels, the upside target is at $0.953, followed by $1.71. On the flip side, the crucial support remains the 50-day EMA at $0.462 and the bottom level of $0.34.&nbsp;&nbsp;</p>  
<p>Curious about the Ethereum price rally in 2025? Read our <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noopener noreferrer nofollow">Ethereum (ETH) Price Prediction</a> for 2025 price targets and beyond!</p>  
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732692771214"><strong class="schema-faq-question">What triggered the recent STRK price rally?</strong>
  <p class="schema-faq-answer">The rally was triggered by a consolidation range breakout between $0.34 and $0.55, supported by bullish technical indicators like MACD momentum and EMA alignment.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732692777136"><strong class="schema-faq-question">What are the key resistance levels for STRK?</strong>
  <p class="schema-faq-answer">The key upside targets for STRK are $0.953 and $1.71, as per Fibonacci retracement levels.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732692777881"><strong class="schema-faq-question">What could halt STRK's bullish momentum?</strong>
  <p class="schema-faq-answer">A drop below the 50-day EMA at $0.462 or the bottom level of $0.34 could invalidate the bullish setup and lead to a downtrend.</p>
 </div>
</div>

STRK Price Surges 80%: Is $1.71 the Next Target?

Table of Contents

CoinPedia News

Other articles published on Nov 27, 2024

Vitalik Buterin Donates 320 ETH to Coin Center

Ripple vs SEC Update: How a New SEC Chair Could Reshape the XRP Lawsuit

Dogen Price Prediction: Could $0.0007 Turn Into $70 Faster Than Doge Will Reach $1?

ENA Soared 14% as Arthur Hayes Bets Big on Token’s Recovery

Trump's Potential Crypto Czar Predicts Ripple Case Dismissal

XRP vs. XLM: Which One Holds Greater Long-Term Potential?

Join our free newsletter for daily crypto updates!