STRK is an Ethereum network expansion solution based on ZK-Rollup technology.
This technology significantly increases the network's processing power and efficiency without sacrificing security and decentralization.
ZK-Rollup belongs to Ethereum's second-layer network, and STRK was heavily hyped before it went online. Its price fell from a high of $7.7 to a low of about $1, trapping many people who tried to speculate.
Although STRK itself has value, many people were trapped because too many people tried to make a quick profit when it went online.
Looking back at the trends of the entire second-layer network currency, they all experienced a period of hot speculation, during which the risks were very high and almost everyone who entered the market would be trapped.
As the price falls back, the enthusiasm gradually fades and the attention decreases. Retail investors turn to chasing currencies with good growth, and those who remain are those who are truly optimistic about their future value.
Today we take a look at the daily market of STRK:
The market has been in a state of volatility since April 13. Although it continues to hit new lows, the amplitude of each new low is getting smaller and smaller, indicating that the short-selling force is weakening.
The market stopped falling near $1, then began to rebound, and bullish volume began to increase.
Since April 13, every time a new low was hit, the short volume not only did not expand, but shrunk, indicating that investors who were willing to cut their losses had left the market.
The pullback K-line in recent days has become weaker and weaker, and the volume is also shrinking. At the same time, the price has approached the first support level below. This trend near the support level indicates that the support below is very strong.
The BOLL indicator is in a closing state, the fluctuation range is narrowing, and the low point is gradually rising, which is a precursor to a change in the market.
Through the above analysis, we can judge that the short force of STRK is weakening, the long force is beginning to strengthen, and the current price is near the support level, which is a mid-line buying point.
I will not go into details about the fundamentals of Ethereum's second-layer network, as they have been introduced in detail in previous articles. If you are just speculating, then the second-layer network may disappoint you, and you must look at it from the perspective of value investment.