Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Starknet Price Forecast: STRK rally tests key breakout amid proposed Layer-1 transition

Source Fxstreet

Starknet is up 16% so far on Friday, advancing the 13% rally from the previous day.
Eli Ben-Sasson, CEO of StarkWare, proposed transitioning Starknet to Layer-1 to achieve quantum security by 2027.
The technical outlook for STRK is bullish, with bulls focused on breaking above the eight-month-long resistance level near $0.05940.

Starknet (STRK) is up 16% so far on Friday, advancing its steady recovery of nearly 200% since mid-August. The rally aligns with the rising demand for financial anonymity in the cryptocurrency market and the CEO of StarkWare, Eli Ben-Sasson’s proposed transition of Starknet to Layer-1 to achieve quantum security by 2027. The technical outlook for STRK is bullish, suggesting upside potential toward the $0.1000 psychological milestone.

Starknet poised for Layer-1 transition to achieve quantum safety

Eli Ben-Sasson, CEO of StarkWare, the parent company of the decentralized layer-2 protocol Starknet, proposed a potential upgrade to the Layer-1 network in a social media post on Thursday. This upgrade will transition Starknet from Ethereum’s network to its own and focus on achieving security from quantum-computing and AI-related threats.

Technical outlook: Starknet rally eyes $0.10 as bullish pressure mounts

Starknet trades at an eight-month high above $0.06400 at press time on Friday, extending a strong bullish phase from the August 18 low of $0.02222. The STRK token price holds well above the 50-, 100-, and 200-day Exponential Moving Averages (EMAs) at $0.03945, $0.03604, and $0.04127, respectively, hinting at a constructive underlying trend.

From a technical perspective, STRK's rally tests the bullish breakout above the February 3 high of $0.05970, which previously capped gains at the May 7 high of around $0.05944. A Fibonacci retracement from the May 7 high at $0.05944 to the August 22 low at $0.02222 highlights the 127.2% and 161.8% extension levels at $0.07768 and $0.10918, respectively, if price secures a bullish close above $0.06000.

Momentum on the daily chart warns of an overstretched rally, with the Relative Strength Index (RSI) around 72 in overbought territory, while the Moving Average Convergence Divergence (MACD) remains positive, holding above its signal line, suggesting firm bullish momentum.

Chart Analysis STRK/USDT (Binance) — STRK/USDT daily price chart.

On the downside, initial support is seen at the former swing area around the $0.05000 psychological threshold, reinforced by Wednesday's low around $0.04825. Any deeper pullback could expose the 200-day EMA at $0.04127.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold prices rise to over one-month high on softer dollar, bond yields Gold prices climbed on Tuesday to their highest point in more than a month, supported by a weaker U.S. dollar and lower Treasury yields.

Author Reuters

Jul 22, 2025

Gold prices climbed on Tuesday to their highest point in more than a month, supported by a weaker U.S. dollar and lower Treasury yields.

Gold holds steady below $4,150 amid elevated US yields Gold price (XAU/USD) trades on a flat note near $4,140 during the early Asian session on Tuesday. Pressure from a stronger US Dollar (USD) and elevated US Treasury yields was offset by reduced expectations of a Federal Reserve (Fed) rate hike this month.

Author FXStreet

Oct 06, Tue

Gold price (XAU/USD) trades on a flat note near $4,140 during the early Asian session on Tuesday. Pressure from a stronger US Dollar (USD) and elevated US Treasury yields was offset by reduced expectations of a Federal Reserve (Fed) rate hike this month.

WTI rises to near $89.50 as Middle East supply threats offset Persian Gulf recovery West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $89.50 per barrel during the Asian hours on Wednesday. Crude oil climbed as persistent risks to Middle East energy flows overshadowed signs of rising supply from the region.

Author FXStreet

Oct 07, Wed

West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $89.50 per barrel during the Asian hours on Wednesday. Crude oil climbed as persistent risks to Middle East energy flows overshadowed signs of rising supply from the region.

Gold falls to a two-month low as real yields bite — can $4,000 hold?Gold hit a two-month low on 7 October, with spot touching roughly $4,090 and COMEX December futures closing at $4,140.70, even as the New York Fed's one-year inflation expectation rose to 3.9% — its highest since May 2023. The paradox resolves through real yields: the 30-year Treasury yield reached 5.732% intraday, its highest since 2002. Here are the levels, the institutional split, and the scenarios into tonight's jobless claims and 30-year auction.

Author Irene Q.

Yesterday 07: 32

Gold hit a two-month low on 7 October, with spot touching roughly $4,090 and COMEX December futures closing at $4,140.70, even as the New York Fed's one-year inflation expectation rose to 3.9% — its highest since May 2023. The paradox resolves through real yields: the 30-year Treasury yield reached 5.732% intraday, its highest since 2002. Here are the levels, the institutional split, and the scenarios into tonight's jobless claims and 30-year auction.

【Daily Brief】Gold rebounds 1% off a two-month low, Nasdaq drops 1.25% and yields ease — the storm premium keeps WTI near $91 Gold trades at $4,174 after rebounding from Wednesday's $4,090 two-month low, the Nasdaq fell 1.25% while the Dow edged higher, and the 10-year Treasury eased to 5.23% from the week's highs. Hurricane Isaias keeps about 25% of Gulf output shut in with WTI near $91, and bitcoin holds below $82,000. The next scheduled tests are the EIA report on 15 October and the FOMC on 27-28 October.

Author Irene Q.

6 hours ago

Gold trades at $4,174 after rebounding from Wednesday's $4,090 two-month low, the Nasdaq fell 1.25% while the Dow edged higher, and the 10-year Treasury eased to 5.23% from the week's highs. Hurricane Isaias keeps about 25% of Gulf output shut in with WTI near $91, and bitcoin holds below $82,000. The next scheduled tests are the EIA report on 15 October and the FOMC on 27-28 October.

Popular Symbols