Crypto analyst Satoshi Whale shared on X (formerly Twitter) that a major breakout for STRK is possible if it can surpass key resistance levels due to its emerging bullish trend.
Despite past disappointments related to an airdrop that discouraged some investors, Satoshi Whale suggests that the current setup could lead to what he describes as “the most hated rally,” fueled by Starknet’s undervaluation and newfound momentum.
The following analysis explores potential support and resistance zones and the factors contributing to STRK’s anticipated price trajectory.
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What you'll learn 👉
Key Resistance Levels for Starknet (STRK)
Stark’s price faces its first major resistance at approximately $0.63. Currently priced around $0.48, STRK would need to rise by about 33% to reach this level. A successful breach of this resistance could shift the $0.63 mark into a support level, setting up STRK for a more extensive bullish continuation. The next significant resistance level highlighted by the analyst is at $1.35, which, if achieved, could signal further upside potential for STRK.
Satoshi Whale identifies additional resistance levels at $1.82 and $2.63, which represent long-term targets if STRK’s price maintains its upward trajectory. These levels serve as potential take-profit points, where traders may anticipate some resistance or price consolidation.
The chart analysis reveals that STRK has established a consolidation base around $0.40 to $0.45, providing support in case of any pullbacks. This zone, where the price stabilized before breaking out, could serve as a reliable floor if STRK’s price encounters downward pressure. Additionally, Satoshi Whale’s projection suggests that STRK forming support around $0.63 after clearing this level could further solidify its bullish stance and pave the way for continued growth.
Bullish Pattern and Market Sentiment
STRK’s price movement lately indicates a breakout from a horizontal accumulation phase. This pattern suggests the potential for a sustained upward trend, a common scenario when assets exit a consolidation phase.
Satoshi Whale’s tweet emphasized STRK’s undervaluation, citing a shift in sentiment as more investors may re-enter the market in response to price movement and potential gains. Despite past setbacks, Whale anticipates that the rally could draw back those who had previously turned away.
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Analyst’s Strategy and Outlook
The analyst encourages patience, noting that STRK has not yet participated in a broader market bull run. Satoshi Whale’s outlook suggests that with minimal levels of resistance ahead, STRK could benefit from broader market optimism.
His focus on a gradual yet steady rise underscores his belief that the asset may experience substantial growth over time. By keeping an eye on support formations and resistance breakouts, investors and traders can monitor STRK’s progression and potential for larger gains.
As STRK’s price approaches each resistance level, its ability to maintain momentum will determine its long-term outlook, especially if the broader crypto market remains favorable.
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