Starknet (StRK) remains under pressure, but signs of stabilization begin to appear. Despite the fact that in the next unlocking, it produces 127.6 million tokens, the project is moving forward with the efforts to adopt, including the inclusion of StRK payments in 15,000 stores around the world.
Technically, RSI is located on a neutral territory, and CMF demonstrates a decrease in sales pressure, hinting at a potential shift in a pulse. Nevertheless, the EMA lines still reflect the downward trend, maintaining the care of Outlook.
Starknet RSI is still neutral
Starknet was one of the most anticipated waste of the third week of April, releasing 127.6 million StRK tokens in the amount of about 15.71 million dollars. USA.
Despite this, a major supply event, the project is trying to create a long -term utility service.
He recently announced that StRK can now be used for payments of 15,000 stores around the world-shag, aimed at increasing acceptance and real use options.
From a technical point of view, the RSI StRK currently is 42.92, recovering from 37.29 yesterday, but a little compared to 44.76 earlier today.
The relative force index (RSI) measures the impulse on the scale from 0 to 100, while the indications of more than 70 usually indicate the conditions of bite and below 30 of the alarms.
RSI about 43 involves neutral to the novel, and sellers still support some control. If the RSI continues to rise, this can signal the recovery shift, but now StRK remains in a cautious zone.
StRK CMF shows that buyers are returning
Money Flow Chaikin’s Chaikin (CMF) improved to -0.10, compared to -0.32 yesterday, signaling the reduction in sales pressure.
CMF is an indicator based on the volume that measures the flow of money in or from the asset or leaves the asset. It ranges from -1 to +1, and the values above 0 indicate the purchase (accumulation) and below 0 indicating the sale (distribution).
Despite the fact that it is still in a negative territory, growth in the direction of the neutral line suggests that a bear impulse weakens. Reading CMF -0.10 points for moderate outflow, but a shift up can hint at the growing interest from buyers.
If this trend continues and CMF intersects into a positive territory, it can support the short -term restoration of the StRK price.
Will Starknet become below $ 0.11?
The EMA Starknet lines continue to reflect the descending trend, with short-term average values located below long-term and classic tips.
If this scheme is retained and sales pressure increases, StRK can decrease further to check the support level of about 0.109 US dollars.
However, if the impulse is shifted, and the StRK will be able to cancel the current trend, it can begin re -testing of resistance levels at the level of $ 0.137 and $ 0.142.
A breakthrough over these zones can open the way to $ 0.158, signaling a stronger recovery.
