Does STRK have a chance to go sideways for a long time? Starknet (STRK) is a ZK-Rollup network based on the STARKs cryptographic protocol, which aims to scale Ethereum without compromising its core principles such as decentralization, transparency, inclusiveness and security. Starknet is unique in its fee payment mechanism, network security mechanism and consensus mechanism. In terms of fee payment, Starknet plans to convert fees from ETH to payment using native STRK tokens, which helps capture ecological value and reduce dependence on ETH.
Starknet's current consolidation phase has lasted for more than 50 days, but there are signs that a breakout may be imminent. Similar to other cryptocurrencies, STRK's price has rejected at its range lows, indicating that a bottom may be forming. Looking at the first three rejections reveals a pattern: each rejection led to a subsequent rise. Although the price occasionally breaks through resistance and then closes within resistance, the third rejection led to a strong close at the range high. A breakout and sustain above the $0.45 price level would signal a bullish trajectory for Starknet. Moreover, the MACD indicator also supports this bullish outlook.
A breakout and sustain above the $0.45 price level would signal a bullish trajectory for Starknet. Moreover, the MACD indicator also supports this bullish outlook.
However, Starknet has also faced several challenges and controversies, such as distribution issues for its airdrop campaign and community discontent. Nonetheless, Starknet continues to gain traction in the crypto space, and its technology and community-driven approach offer potential for the long-term success of the network. #strk #strkusdt #STRK.24ć°æ¶äș€æçç„ #STRK.æșèœçç„ćșđđ #STRK.æŻæ„æșèœçç„
