Here’s Why Starknet (STRK) Price Is Pumping Today

The Starknet (STRK) price is having one of its strongest days in a long time. The token is up more than 35% at writing and is trading around $0.2263, making it the biggest gainer in the market right now. Trading volume has also jumped more than 29%, which shows there’s real momentum behind the move.

This rally comes while the broader market is still shaky, so the fact that the STRK price is outperforming this aggressively naturally raises the question: what changed? A combination of new demand, major upgrades, and a decisive technical breakout is now pushing the token higher.

Why STRK Is Pumping Today

One of the biggest drivers is the surge in Bitcoin staking demand. Starknet’s BTCFi program lets people stake tokenized Bitcoin, like tBTC and wBTC, in exchange for STRK rewards. 

More than $200M worth of BTC has already moved into the program, pushing TVL to $72M and locking up nearly 20% of the STRK supply. That tightens liquidity and increases buying pressure.

Another major boost came from Starknet’s latest upgrade. The network activated the new “S-two” prover on November 5, which makes proof generation roughly ten times faster and cuts gas costs in half. This is a huge step forward for scalability and has restored confidence after STRK’s heavy selloff last year.

The chart is helping the move as well. The STRK price had been trending down for some time. However, STRK finally just broke the downtrend and moved back above resistance levels like the 30-day SMA and early Fibonacci levels. The trend then turned bullish, and traders began to buy back in, creating further bullish momentum.

What the STRK Chart Is Showing

The weekly chart makes things even clearer. STRK has pushed out of a consolidation range that held it down for most of the year, showing a real change in momentum. 

And it didn’t just break out; it did so on strong volume, which is often the strongest confirmation a trader can get.

Analyst CryptoPulse shared that $0.197 is the line that matters most right now. As long as the STRK price stays above that support level, the bullish trend stays in the market, and the pressure on the upside remains. Strong demand has changed Starknet momentum to the upside.

Should buyers continue to defend the area, the next target is $0.30, which is the next big weekly resistance.

The Starknet chart shows a clean breakout, a solid retest, and a path toward higher levels if momentum continues. For now, everything lines up in favor of the bulls.

Read Also: Here’s Why the ASTER Rally Might Not Be Over Yet

Source: X/CryptoPulse

In the short term, holding above $0.197 gives the price room to build toward the $0.30 area, especially with growing Bitcoin staking demand and the network’s major upgrades adding fuel. 

If the Starknet price falls back below the breakout level, bullish momentum is likely to lose its velocity. For now, demand appears strong, and the pattern suggests the rally is likely to continue.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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