STRK faces mounting pressure as the token slides 3.66% over the past 24 hours, a continuation of weakness seen throughout the month. The underlying issues are multifaceted.
First, the mainnet experienced downtime followed by a rollback—events that inevitably chip away at ecosystem confidence. Beyond operational hiccups, the technicals paint a grim picture. STRK attempted to break through the 0.0859 Fibonacci resistance level but failed to hold, signaling seller dominance. The RSI hovering around 44 confirms momentum is firmly in bearish territory, with sellers maintaining control of the price action.
With the 0.075 support zone now in jeopardy, STRK traders are bracing for potential further downside if key technical levels give way.
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MevHunter
· 12h ago
strk is underperforming again, the mainnet still needs to drop further, this wave is really a bit uncertain
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ShortingEnthusiast
· 12h ago
It dropped again, this time the mainnet crash directly broke the defense.
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LiquidityNinja
· 13h ago
strk has dropped again... the mainnet even crashed, how outrageous is that?
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DefiSecurityGuard
· 13h ago
mainnet rollback? classic red flag. that's literally exploit vector 101. DYOR before touching this, not financial advice but... yeah.
STRK faces mounting pressure as the token slides 3.66% over the past 24 hours, a continuation of weakness seen throughout the month. The underlying issues are multifaceted.
First, the mainnet experienced downtime followed by a rollback—events that inevitably chip away at ecosystem confidence. Beyond operational hiccups, the technicals paint a grim picture. STRK attempted to break through the 0.0859 Fibonacci resistance level but failed to hold, signaling seller dominance. The RSI hovering around 44 confirms momentum is firmly in bearish territory, with sellers maintaining control of the price action.
With the 0.075 support zone now in jeopardy, STRK traders are bracing for potential further downside if key technical levels give way.