- The sharp 33% rise of the token pushed the price to the upper edge of its long-term falling wedge, which indicated that it was doomed to break out.
- Recent gains kept STRK above its key support zone, reinforcing this level as the structural anchor for near-term trend direction.
- STRK’s 30–33% rise against BTC and ETH validates broader market demand, adding confidence to the bullish shift.
Starknet’s STRK token posted a sharp rise in the latest session, with market data showing a 33.1 percent increase over the past 24 hours. The action moved the price to $0.2202 and drew it near to the upper limit of the falling wedge on the weekly time. The building has been visible for several weeks and indicates two downward-sloping trendlines which hold the long term movement.
This setup also highlights how the recent advance lifted the token above several previous weekly levels. The activity placed renewed focus on the range between the support at $0.1637 and the resistance at $0.2341, which defined the latest trading day.
Weekly Structure Highlights the Long-Term Falling Wedge
The falling wedge on the weekly chart extends across a broad period and captures repeated touches along the upper and lower boundaries. Notably, the chart shows clear compression as the lines converge, which keeps the price inside a tightening structure. The recent upswing moved STRK toward the upper boundary, and this shift aligns closely with the new weekly candle.
However, the wider formation still shows the lower region near earlier lows, which remains part of the long-term view. This backdrop links the current move to the larger structure that appears consistently across the chart. The wedge continues to frame each shift in price, which helps identify the broader pattern influencing recent trading.
Current Levels Defined by Support and Resistance Zones
STRK reached $0.2202 during the session, which placed the price above the support at $0.1637. This level acted as the lower reference for the 24-hour range and remained an important point for near-term movement. Additionally, the upper boundary at $0.2341 set the resistance zone, which stayed active during recent attempts to advance.
The price now sits between these two levels, and this placement narrows the focus around short-term boundaries. The 24-hour range highlights how the asset moved closely within the structure while volume concentrated around the mid-section of the chart. This movement connects directly to the weekly wedge, since the boundaries mirror the broader trend.
BTC and ETH Pairings Add Context to STRK’s Momentum
STRK also recorded gains relative to major assets. The coin was priced at 0.052298 BTC, which was an increase of 33.2 percent. It was also at 0.00006863 ETH, which is an increase of 30.8 percent. These numbers contributed towards the strength witnessed in the USD pair over the same period.
The pair readings align with the upward direction captured on the weekly chart. Each data point ties back to the same movement toward the upper line of the wedge, which remains the primary structure shaping the current price zone.
