What just happened to Starknet? The price caught many eyes after a sharp move that looked sudden on the surface. A closer look shows the breakout did not come from nowhere.
The token STRK rallied more than 20% in the past 24 hours at the time of writing and climbed more than 80% over the last 3 weeks. Those numbers tell a story that starts on the charts and continues through whale activity and market structure.
The weekly chart shows a long downtrend that finally found a base. Price spent weeks inside a tight accumulation zone. That zone looks like a trading box where buyers and sellers were balancing each other. The recent candle closed above a long falling trendline. That breakout happened on the weekly timeframe, and then the price came back down to test the old resistance area.
That resistance flipped into support and held firmly, which often signals strength. The trader who posted the chart, Captain Faibik, highlighted the pattern and pointed to this breakout–retest sequence as the core trigger behind the move.
What you'll learn 👉
How The Chart Explanation Leads To A Probable Next Move For STRK
Measured moves often come from the height of the accumulation box and the structure that formed before the breakout. The green target area on the chart shows a possible extension if momentum continues. The breakout created a clear higher low after the retest. That pattern is a classic bullish structure when it remains intact.
The weekly timeframe makes the move more meaningful because weekly confirmations carry more weight than small intraday spikes. Many chart watchers consider a successful retest a strong signal that buyers are ready to defend the new support.
Captain Faibik emphasized how important the resistance flip was. The analyst also noted that the move did not happen in one explosive candle. Instead, the price pulled back, checked the trendline, and continued upward.
That type of controlled movement often suggests a healthier rally rather than a random pump. His commentary described the token as having left the station, meaning momentum has already started and could continue if structure stays clean.
How On-Chain And Orderbook Clues Support A Bullish Case For STRK
A second analyst, BTCL2Sync, offered a deeper look at accumulation activity. The analysis pointed to a cluster where larger buyers concentrated orders between $0.18 and $0.20. That area acted like a protective wall. The structure also showed a rising trendline with a sequence of higher lows.
Funding rates sat near neutral yet leaned toward buyers. Open interest hovered around $183M, which suggests strong participation. The orderbook appeared tilted toward buy-side demand. Those signals do not guarantee more gains, yet they help explain why price behaved differently from many other altcoins.
The last 3 weeks produced mixed results across the market. Several altcoins struggled to break ranges while STRK advanced steadily. That change came from the combination of technical structure, stronger accumulation, and clear weekly confirmation. The result shows up as a sustained uptrend rather than a quick spike.
How The Short Term Could Play Out For Starknet STRK
The key area to watch is the flipped support zone around $0.185 to $0.190. Holding above that level supports continuation. A clean push above near-term resistance could open the path toward the target zone marked on the weekly chart. Analysts mentioned possible moves toward $0.22 to $0.24 if momentum stays intact. Losing the trendline and dropping under $0.18 could push price back toward earlier supports. Technical structure remains the main guide here.
Read Also: Kaspa (KAS) Exchange Balances Jump as Accumulation Grows – Here’s What the Chart Really Shows
Short stories in crypto often change quickly. The weekly breakout, the clean retest, and the clear accumulation zone explain why Starknet STRK has been one of the stronger performers recently. Captain Faibik’s chart gave a strong visual of the shift. The deeper order flow breakdown from BTCL2Sync added another layer that supports the move.
A curious setup is building. The structure either holds and allows continuation or pulls back for a deeper reset. Watching how STRK behaves around $0.185 to $0.190 will reveal the next part of the story.
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