StarkNet Price Prediction: Technicals Suggest STRK Is Stabilizing and Could Move to the Upside Soon

The #StarkNet price has shown notable fluctuations in its price movements over the past few hours. Analyzing the hourly closing prices, a trend where the asset moved from $1.946 to $1.899 can be observed, indicating a slight downward trajectory. This movement is further elucidated by examining the technical indicators.

The 9-day Exponential Moving Average (EMA) values have slightly increased, while the 20 EMA has shown a similar trend. These converging EMAs suggest a potential stabilization in the market, hinting at a consolidation phase for the StarkNet price.

The Moving Average Convergence Divergence (MACD) values have also shown a gradual improvement, moving closer to the signal line. This is evidenced by the histogram values turning less negative, indicating a reduction in bearish momentum and a possible shift towards a bullish crossover in the near term.

The Relative Strength Index (RSI) hovering around 40 suggests the StarkNet price is neither in an overbought nor oversold condition, providing room for potential upward or downward movements without immediate pressure from either extreme.

Considering the technical analysis and the current resistance level at $1.904, the StarkNet price faces immediate challenges to overcome this threshold. Should the momentum continue positively, the next targets for the asset would be the resistance level at $2.188. Conversely, traders selling the crypto could bring #STRK down to the support at $1.712.