Is It Too Late To Buy STRK? Strike Price Soars 34% And This Might Be The Next Crypto To Explode

The Strike price has soared 34% in the last 24 hours to trade at $11.05 as of 12:30 a.m. EST on a 20,800% pump in trading volume to $411 million.

Strike Price Attempts Parabolic Recovery After Sharp Correction

The STRK/USD trading pair shows signs of a potential bullish reversal after experiencing a significant correction from its recent high. As of the latest session, STRK is trading at $11.051, with an intraday high of $12.4445 and a low of $10.8295. The token had previously surged to nearly $20, but a strong wave of selling pressure led to a sharp pullback.

Now, the price appears to be forming a parabolic recovery, a pattern that often signals a renewed uptrend. The 50-day Simple Moving Average (SMA), currently sitting at $10.22, is acting as a key support level. If the price stays above this threshold, it could reinforce the strength of the ongoing recovery.

STRKUSD Analysis Source: Dextools.io

Meanwhile, the MACD (Moving Average Convergence Divergence) indicator displays early bullish signals, with the MACD line at 0.117 crossing above the signal line at -0.332. This crossover is often interpreted as a sign of growing momentum, which could encourage further buying activity.

Additionally, the Relative Strength Index (RSI) is at 55.17, indicating that the asset is in a neutral zone, neither overbought nor oversold. If RSI moves past 60-70, it would suggest increased buying pressure, potentially fueling a stronger rally.

Strike Price Eyes Breakout From Key Support

The price action indicates that STRK recently bounced from a strong consolidation zone between $6.50 and $7.00. This area served as a base before the last significant breakout, making it a critical level for traders watching for further confirmation of bullish strength.

On the upside, the immediate resistance lies between $11.05 and $12.00. A breakout above this range could open the door for STRK to target the $14.00 – $15.00 region in the near term. However, if the price fails to sustain above the $10.22 support level, it may face another wave of selling pressure, potentially retesting the $7.00 zone.

For now, STRK remains in a make or break phase, with traders monitoring whether the recent bounce will develop into a full-fledged recovery. A sustained move above $12.00 would reinforce the bullish outlook, while failure to hold support could trigger a renewed downside move.

Best Wallet Presale Charges Toward $10 Million – Next Crypto To Explode?

As Strike price continues its bullish momentum, investors are also rushing to buy into the Best Wallet (BEST) presale, which has already raised over $9.4 million in funding

Best Wallet is a digital asset management platform that enables users to secure, manage, and grow their crypto holdings, all within a single app.

🚀 Tokens of the Week 🚀

Here are three trending tokens making waves:

1️⃣ $BERA
2️⃣ $WEPE
3️⃣ $AVT

Which one are you watching? 👀 pic.twitter.com/fYTlMBsTbC

— Best Wallet (@BestWalletHQ) February 7, 2025

Supporting over 60 blockchains and their native tokens, the platform allows users to import all their Web3 wallets, simplifying portfolio management. By tracking assets across multiple wallets, investors can optimize their portfolios and maximize earnings through built-in features.

The app also offers in-app staking for passive income and a seamless swap feature for effortless cryptocurrency trading.

A unique “Upcoming Tokens” feature helps users discover promising new cryptocurrencies early. It has already highlighted Catslap (SLAP) and Pepe Unchained (PEPU), both of which delivered huge gains for early investors.

Investors who stake BEST tokens can also earn a huge 185% annual return.

Crypto analyst and YouTuber Crypto Gains, who has over 141K subscribers, predicts that BEST could surge 10X following its launch.

Selling for $0.023925, BEST can be bought with either crypto or a bank card. Interested investors should buy before a price hike in less than 13 hours.

Check out BEST here.

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