Starknet (Strk) remains under pressure, but the signs of stabilization are starting to emerge. Despite the release of 127.6 million tokens in traffic in its next unlocking, the project advances adoption efforts, in particular by allowing STRK payments in 15,000 stores in the world.
Technically, the RSI is in neutral territory, and the CMF shows a reduced sales pressure, referring to a potential change in the momentum. However, the EMA lines still reflect a downward trend, keeping the prudent perspective for the moment.
Starknet RSI is still neutral
Starknet was one of the most anticipated token unlocks of the third week of April, releasing 127.6 million Strk tokens worth around $ 15.71 million in circulation.
Despite this major supply event, the project is trying to build a long -term public service.
Recently, he announced that Strk can now be used for payments in 15,000 stores in the world – a movement aimed at stimulating adoption and real use cases.
From a technical point of view, Strk’s RSI is currently at 42.92, recovering from 37.29 yesterday but slightly down compared to 44.76 earlier during the day.
The relative resistance index (RSI) measures the momentum on a scale of 0 to 100, with readings greater than 70 generally indicating conditions of service and below 30 signaling territory.
An RSI around 43 suggests bastard -neutral impulse, sellers always keeping a certain control. If RSI continues to climb, it could point out a change to recovery, but for the moment, Strk remains in a prudent area.
Strk CMF shows that buyers come back
Chaikin Money Flow (CMF) of Starknet went to -0.10, against -0.32 yesterday, signaling a reduction in the sale pressure.
The CMF is an indicator based on the volume which measures the flow of silver in or out of an asset over time. It varies from -1 to +1, with values above 0 indicating the purchase (accumulation) and less than 0 indicating the sale (distribution).
Although still in negative territory, the climb to the neutral line suggests that the bearish momentum is weakening. A CMF reading of -0.10 points for moderate outputs, but the upward change could refer to the growing interest of buyers.
If this trend continues and CMF turns into a positive territory, it can support a short -term recovery in the price of Strk.
Will Starknet fall below $ 0.11?
Starknet’s EMA lines continue to reflect a downward trend, with short -term averages positioned below those in the long term – a conventional downward configuration.
If this scheme is valid and the sales pressure increases, Strk could decrease more to test the level of support close to $ 0.109.
However, if the momentum moves and Strk manages to reverse the current trend, it could start to retest the keys resistance levels at $ 0.137 and $ 0.142.
An escape above these areas can open the way to $ 0.158, indicating stronger recovery.
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