The price action of Starknet’s token, STRK, is showing a positive outlook. However, a core question remains unanswered: Can the STRK/USDT pair continue its upward momentum and successfully break through the current level?
Currently, Starknet is in a consolidation phase that has lasted for more than 50 days, but there have been positive signs recently that could indicate a breakout. Similar to the market behavior of other cryptocurrencies, the price of STRK has experienced multiple rebounds at the lows of its trading range, which suggests that a bottom may be forming.
A closer look at the previous three low-point rebounds shows a clear pattern: each rebound was followed by further price increases. Although the price action has occasionally broken through resistance levels and then fallen back below them, the most recent rebound was exceptionally strong, allowing the price to successfully close near the highs of the range.
If STRK can successfully break through and stabilize above the $0.45 price level, it will be a strong signal that Starknet will embark on a bullish journey. In addition, technical analysis tools such as the MACD indicator also show signals that support this bullish outlook.