Market
Starknet (STRK) Price Faces Key Resistance After 10% Surge

Starknet (STRK) recently launched the first phase of its staking program, triggering a 10% price surge in just one day. This sudden price movement has attracted the attention of traders, as the token approaches key resistance levels. Despite the strong momentum, technical indicators are painting a mixed picture of the asset’s outlook.
The Relative Strength Index (RSI) is signaling an overbought condition, which suggests that STRK could struggle to maintain its upward trajectory. At the same time, the Chaikin Money Flow (CMF) shows only moderate buying pressure, raising questions about the sustainability of the current rally.
Starknet RSI Is Showing an Overbought State
Starknet’s RSI has surged to 77, up from 48 just two days ago, indicating that the price has seen a significant increase in a short period. This sharp rise suggests that Starknet is now in overbought territory, potentially signaling a price correction.
RSI, or Relative Strength Index, is a technical indicator that measures the speed and magnitude of price changes. It operates on a scale of 0 to 100, with levels above 70 considered overbought and levels below 30 considered oversold.
Read more: A Deep Dive Into Starkware, StarkNet, and StarkEx

If Starknet’s RSI decreases from its current level, it could provide a cooling-off period, giving the price room to stabilize and potentially attract new buyers at lower levels. However, if the RSI remains at 77 or above 70, it might indicate that buying pressure has peaked, which may limit further upward movement and even prompt a sell-off.
STRK Chaikin Money Flow Is Currently Moderately Positive
STRK Chaikin Money Flow (CMF) is currently at 0.06, showing a mild but noticeable positive buying pressure. While this suggests that there is some interest in the asset, the buying pressure isn’t particularly strong, meaning the inflow of capital is modest.
The CMF is a widely used technical indicator that combines both price and volume data to determine whether money is flowing into or out of an asset. It operates on a scale from -1 to +1, with values above 0 showing net buying pressure and values below 0 indicating net selling pressure.
A reading closer to +1 signals strong buying interest, while closer to -1 suggests significant selling. With STRK’s current CMF at 0.06, the market is showing some support from buyers, but it’s not overwhelmingly bullish.

For STRK price to maintain a steady increase or even continue rising significantly, stronger buying pressure would typically be necessary. A CMF value of 0.06 may indicate that while there is some demand, it’s not enough to fuel a breakout or protect the price from falling if selling pressure starts to rise.
Starknet Price Prediction: Strong Resistance Ahead
There are strong resistance levels for Starknet (STRK) at $0.51 and $0.59, where a significant number of addresses are holding tokens at higher prices, potentially leading to selling pressure.
If these resistance zones are broken, STRK could see an upward move toward the next major resistance at $0.91, where fewer addresses are holding coins allowing for the possibility of a quicker price rise if buying pressure continues.
Read more: What Is Crypto Staking? A Guide to Earning Passive Income

The Global In/Out of the Money metric offers a useful view of the addresses holding STRK at various profit levels. Addresses classified as “In the Money” (holding STRK at a profit) are likely to take profits when the price rises, contributing to resistance at key price levels. On the other hand, addresses “Out of the Money” (holding STRK at a loss) may increase selling pressure as they look to minimize their losses.
On the downside, the support zone between $0.41 and $0.45 is relatively weak, suggesting this level could be tested soon. If buyers don’t step in to support the price in this range, STRK could experience a further drop, potentially as low as $0.38, where a stronger concentration of holders is present. This cluster could act as a more reliable support level, providing some stability if the price retreats.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
BNB Price Faces More Downside—Can Bulls Step In?

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As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
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Market
VanEck Sets Stage for BNB ETF with Official Trust Filing

Global investment management firm VanEck has officially registered a statutory trust in Delaware for Binance’s BNB (BNB) exchange-traded fund (ETF).
This move marks the first attempt to launch a spot BNB ETF in the United States. It could potentially open new avenues for institutional and retail investors to gain exposure to the asset through a regulated investment vehicle.
VanEck Moves Forward with BNB ETF
The trust was registered on March 31 under the name “VanEck BNB ETF” with filing number 10148820. It was recorded on Delaware’s official state website.

The proposed BNB ETF would track the price of BNB. It is the native cryptocurrency of the BNB Chain ecosystem, developed by the cryptocurrency exchange Binance.
As per the latest data, BNB ranks as the fifth-largest cryptocurrency by market capitalization at $87.1 billion. Despite its significant market position, both BNB’s price and the broader cryptocurrency market have faced some challenges recently.
Over the past month, the altcoin’s value has declined 2.2%. At the time of writing, BNB was trading at $598. This represented a 1.7% dip in the last 24 hours, according to data from BeInCrypto.

While the trust filing hasn’t yet led to a price uptick, the community remains optimistic about the prospects of BNB, especially with this new development.
“Send BNB to the moon now,” an analyst posted on X (formerly Twitter).
The filing comes just weeks after VanEck made a similar move for Avalanche (AVAX). On March 10, VanEck registered a trust for an AVAX-focused ETF.
This was quickly followed by the filing of an S-1 registration statement with the US Securities and Exchange Commission (SEC). Given this precedent, a similar S-1 filing for a BNB ETF could follow soon.
“A big step toward bringing BNB to US institutional investors!” another analyst wrote.
Meanwhile, the industry has seen an influx of crypto fund applications at the SEC following the election of a pro-crypto administration. In fact, a recent survey revealed that 71% of ETF investors are bullish on crypto and plan to increase their allocations to cryptocurrency ETFs in the next 12 months.
“Three-quarters of allocators expect to increase their investment in cryptocurrency-focused ETFs over the next 12 months, with demand highest in Asia (80%), and the US (76%), in contrast to Europe (59%),” the survey revealed.
This growing interest in crypto ETFs could drive further demand for assets like BNB, making the VanEck BNB ETF a potentially significant product in the market.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Recovery Stalls—Are Bears Still In Control?

XRP price started a fresh decline from the $2.20 zone. The price is now consolidating and might face hurdles near the $2.120 level.
- XRP price started a fresh decline after it failed to clear the $2.20 resistance zone.
- The price is now trading below $2.150 and the 100-hourly Simple Moving Average.
- There is a connecting bearish trend line forming with resistance at $2.120 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair might extend losses if it fails to clear the $2.20 resistance zone.
XRP Price Faces Rejection
XRP price failed to continue higher above the $2.20 resistance zone and reacted to the downside, like Bitcoin and Ethereum. The price declined below the $2.150 and $2.120 levels.
The bears were able to push the price below the 50% Fib retracement level of the recovery wave from the $2.023 swing low to the $2.199 high. There is also a connecting bearish trend line forming with resistance at $2.120 on the hourly chart of the XRP/USD pair.
The price is now trading below $2.150 and the 100-hourly Simple Moving Average. However, the bulls are now active near the $2.10 support level. They are protecting the 61.8% Fib retracement level of the recovery wave from the $2.023 swing low to the $2.199 high.
On the upside, the price might face resistance near the $2.120 level and the trend line zone. The first major resistance is near the $2.150 level. The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.240 resistance. Any more gains might send the price toward the $2.2650 resistance or even $2.2880 in the near term. The next major hurdle for the bulls might be $2.320.
Another Decline?
If XRP fails to clear the $2.150 resistance zone, it could start another decline. Initial support on the downside is near the $2.10 level. The next major support is near the $2.0650 level.
If there is a downside break and a close below the $2.0650 level, the price might continue to decline toward the $2.020 support. The next major support sits near the $2.00 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.
Major Support Levels – $2.10 and $2.050.
Major Resistance Levels – $2.120 and $2.20.
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