Starknet Price Prediction for Today, June 4 – STRK Technical Analysis

The Starknet price prediction shows that STRK may escalate, and a break above the channel is expected to pull the coin toward $1.50.

Starknet Price Prediction 2024: Can STRK Reverse Its Downtrend?

Since its February 20 launch, Starknet’s STRK token has experienced a significant 60% decline, dropping from a peak of $4 to below $1.90 following an airdrop to selected blockchain users.

Starknet Prediction Statistics Data:

• Starknet price now – $1.32
• Starknet market cap – $1.72 billion
• Starknet circulating supply – 1.3 billion
• Starknet total supply – 10 billion
• Starknet Coinmarketcap ranking – #63

STRK/USD Market

Key Levels:

Resistance levels: $1.80, $2.00, $2.20

Support levels: $0.75, $0.55, $0.35

STRK/USD is seen trading around the resistance level of $1.328 after touching the daily high of $1.367 in the early hours of today. This is a move that could easily pave the way for gains above $1.40 and toward $1.50. Therefore, if the 9-day moving average remains above the 21-day moving average, the market may show that the bullish grip is getting stronger.

Starknet Price Prediction: STRK Price May Break Higher

The Starknet price is currently holding the ground above the 9-day and 21-day moving averages after a major recovery from $1.20. However, this shows that bulls may continue to have the upper hand in the price movement and they could easily push the coin toward the potential resistance of $1.80, $2.00, and $2.20. In other words, if the buying action fails to break above $0.50, then STRK/USD could instead settle for consolidation.

Meanwhile, any breakout above the upper boundary of the channel will still have an impact on the price. Furthermore, it is about time that buyers increase their confidence in the recovery because $1.50 is still achievable. Therefore, if the bears bring the coin toward the lower boundary of the channel, the support levels of $0.75, $0.55, and $0.35 may be reached.

STRK/BTC Gets Ready for the Upside

Against Bitcoin, the Starknet price remains above the 9-day and 21-day moving averages as the coin moves to cross above the upper boundary of the channel. However, if the Starknet price closes above this barrier, traders might expect a long-term bullish movement.

Nevertheless, any bearish movement below the moving averages could meet the major support at 1000 SAT before falling to 870 SAT and below while the buyers may need to push the market to the potential resistance at 2700 SAT and above.

Meanwhile, @RodMaartin informed his 45k followers on X (formerly Twitter) that $STRK is poised to move higher soon. He noted a promising ABC pattern forming after the MSB to the upside. ✍️

$STRK Update

I think we move soon higher, looks like a nice ABC pattern here after the MSB to upside ✍️ https://t.co/RMIVQ9FWqL pic.twitter.com/7HQxJlN618

— Crypto-ROD (@RodMaartin) June 2, 2024

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