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

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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

STRK RSI.
STRK RSI. Source: TradingView.

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.

STRK Chaikin Money Flow.
STRK Chaikin Money Flow. Source: TradingView.

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

STRK Global In/Out of the Money
STRK Global In/Out of the Money. Source: IntoTheBlock

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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Stablecoin Regulation Bill Passes US House as Market Heats Up

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The US House Financial Services Committee voted 32-17 to pass the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025, aimed at stablecoin regulation. 

This legislative milestone comes amid growing activity in the stablecoin market. Competition is heating up as major traditional financial institutions prepare to enter the space.

STABLE Act Passes Committee Vote 

Chairman French Hill and Representative  Bryan Steil spearheaded the legislation (H.R. 2392). It seeks to establish a robust framework for stablecoin issuance, mandating 1:1 reserve backing, monthly audits, and AML requirements. 

“This legislation is a foundational step toward securing the future of financial payments in the United States and solidifying the dollar’s continued dominance as a world reserve currency,” Representative Steil remarked.

The bill’s passage saw bipartisan support, with six Democrats voting in favor. Notably, this comes shortly after the US Senate Committee on Banking, Housing, and Urban Affairs greenlit the GENIUS Act. The bill passed in a bipartisan 18-6 vote. 

“The bills await debate time on the floor and a vote in their respective chambers,” Journalist and Host of Crypto In America, Eleanor Terrett, noted.

According to Terrett, efforts are underway to align the two bills closely over the next few weeks. The aim is to address differences between the bills. Aligning them will make it easier to proceed without creating additional complications.

“If they can get them to be in relatively the same place on their own, it will avoid having to set up a so-called conference committee which is formed so members from both chambers can negotiate to create a final version of the bill everyone agrees on,” she added.

Stablecoin Competition Heats Up, but Are There Signs of a Purge?

The drive for legislation occurs alongside rising activity in the stablecoin market. Global players are joining the fray.

For instance, in Japan, Sumitomo Mitsui Banking Corporation (SMBC) and major entities have signed a Memorandum of Understanding (MoU). The MoU initiates joint discussions on the potential use of stablecoins for future commercialization. 

“This Agreement will see SMBC, Fireblocks, Ava Labs, and TIS collaborate to develop a framework for stablecoin issuance and circulation, including exploring key technical, regulatory, and market infrastructure requirements both in Japan and further afield. This Joint Discussion will not only focus on pilot projects but will aim to concretely define use cases for ongoing business applications,” the notice read.

In addition, Bank of America’s CEO previously revealed plans to launch a stablecoin once proper regulation is in place. Notably, BeInCrypto reported last month that the Office of the Comptroller of the Currency (OCC) had granted national banks and federal savings associations permission to provide crypto custody and certain stablecoin services.

That’s not all. The state of Wyoming is set to launch its own stablecoin, WYST, in July. Fidelity has also announced similar plans. Moreover, President Trump-backed World Liberty Financial officially launched its USD1 stablecoin in late March. This highlights continued interest in stablecoin adoption across both private and public sectors.

Meanwhile, Ripple announced the integration of its Ripple USD (RLUSD) into Ripple Payments. Changpeng Zhao (CZ), former CEO of Binance, reacted to the development on X.

“Stablecoin war, I mean healthy competition, just getting started,” CZ said.

As competition intensifies, the stablecoin market is also facing growing pains. Despite new entrants gaining traction, some players face heightened scrutiny. 

Justin Sun, founder of Tron (TRX), recently accused First Digital Trust of insolvency. Following Sun’s allegations, First Digital USD (FDUSD) temporarily depegged.

The market’s future may hinge on the survival of only the most compliant and resilient stablecoins. This leads to a potential “purge” where weaker players fail to meet the increasing regulatory and market demands.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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Ethereum Price Recovery Stalls—Bears Keep Price Below $2K

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Ethereum price attempted a recovery wave above the $1,880 level but failed. ETH is now trimming all gains and remains below the $1,880 resistance zone.

  • Ethereum failed to stay above the $1,850 and $1,880 levels.
  • The price is trading below $1,850 and the 100-hourly Simple Moving Average.
  • There was a break below a key bullish trend line with support at $1,865 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must clear the $1,865 and $1,890 resistance levels to start a decent increase.

Ethereum Price Fails Again

Ethereum price managed to stay above the $1,800 support zone and started a recovery wave, like Bitcoin. ETH was able to climb above the $1,850 and $1,880 resistance levels.

The bulls even pushed the price above the $1,920 resistance zone. However, the bears are active near the $1,950 zone. A high was formed at $1,955 and the price trimmed most gains. There was a break below a key bullish trend line with support at $1,865 on the hourly chart of ETH/USD.

A low was formed at $1,781 and the price is now consolidating near the 23.6% Fib retracement level of the downward move from the $1,955 swing high to the $1,781 low.

Ethereum price is now trading below $1,850 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,850 level. The next key resistance is near the $1,865 level and the 50% Fib retracement level of the downward move from the $1,955 swing high to the $1,781 low.

Ethereum Price
Source: ETHUSD on TradingView.com

The first major resistance is near the $1,920 level. A clear move above the $1,920 resistance might send the price toward the $1,950 resistance. An upside break above the $1,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,000 resistance zone or even $2,050 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $1,865 resistance, it could start another decline. Initial support on the downside is near the $1,800 level. The first major support sits near the $1,780 zone.

A clear move below the $1,780 support might push the price toward the $1,720 support. Any more losses might send the price toward the $1,680 support level in the near term. The next key support sits at $1,620.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now below the 50 zone.

Major Support Level – $1,780

Major Resistance Level – $1,865



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Cardano (ADA) Downtrend Deepens—Is a Rebound Possible?

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Cardano price started a recovery wave above the $0.680 zone but failed. ADA is consolidating near $0.650 and remains at risk of more losses.

  • ADA price failed to recover above the $0.70 resistance zone.
  • The price is trading below $0.680 and the 100-hourly simple moving average.
  • There was a break below a connecting bullish trend line with support at $0.6720 on the hourly chart of the ADA/USD pair (data source from Kraken).
  • The pair could start another increase if it clears the $0.70 resistance zone.

Cardano Price Dips Again

In the past few days, Cardano saw a recovery wave from the $0.6350 zone, like Bitcoin and Ethereum. ADA was able to climb above the $0.680 and $0.6880 resistance levels.

However, the bears were active above the $0.70 zone. A high was formed at $0.7090 and the price corrected most gains. There was a move below the $0.650 level. Besides, there was a break below a connecting bullish trend line with support at $0.6720 on the hourly chart of the ADA/USD pair.

A low was formed at $0.6356 and the price is now consolidating losses near the 23.6% Fib retracement level of the recent decline from the $0.7090 swing high to the $0.6356 low. Cardano price is now trading below $0.680 and the 100-hourly simple moving average.

On the upside, the price might face resistance near the $0.6720 zone or the 50% Fib retracement level of the recent decline from the $0.7090 swing high to the $0.6356 low. The first resistance is near $0.6950. The next key resistance might be $0.700.

Cardano Price

If there is a close above the $0.70 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.7420 region. Any more gains might call for a move toward $0.7650 in the near term.

Another Drop in ADA?

If Cardano’s price fails to climb above the $0.6720 resistance level, it could start another decline. Immediate support on the downside is near the $0.6420 level.

The next major support is near the $0.6350 level. A downside break below the $0.6350 level could open the doors for a test of $0.620. The next major support is near the $0.60 level where the bulls might emerge.

Technical Indicators

Hourly MACD – The MACD for ADA/USD is losing momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level.

Major Support Levels – $0.6420 and $0.6350.

Major Resistance Levels – $0.6720 and $0.7000.



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