If you want to invest in or buy the Starknet token and wonder what the right price to start accumulating Starknet is, then you are in the right place. As we go through the analysis, we will determine different patterns and how Starknet reacts to them. We will also see support and resistance, which is a good area for any instrument to buy or sell. Without any further delay, let’s dive into Starknet price analysis and explore different opportunities arising from it.
Starknet Price Analysis of May 10, 2025
Starknet opened the session with early weakness, marking the low for the day near the $0.1500 zone. Price action then formed an expanding triangle, which broke down sharply but lacked sustained selling. A brief recovery led to a range breakout, but the momentum was short-lived. A downward trendline followed, and another failed upside breakout confirmed reduced bullish interest. Eventually, a converging triangle formed and broke to the downside, only to quickly reverse. Buyers regained control briefly, pushing price up to the day’s high near the $0.1800 level before another sharp reversal capped off a volatile session.
Chart 1: STRK/USDT M5 Chart, Analysed by vallijat007, published on TradingView, May 10, 2025
Starknet price formed an upward-moving expanding triangle pattern and found the low for the day at $0.1531. Often related to growing volatility, this pattern broke out to the downside at 13:55 UTC, reinforced by a death crossover of the MACD. Though the breakout produced a severe downward spike, selling momentum swiftly vanished, and the STRK price stabilised inside a narrow range.
Supported by a golden crossover of the MACD, the range broke to the upside at 17:15 UTC. Price rose briefly on the upside, but the breakout lacked continuation. Instead, a downward-moving trendline started to materialize, mirroring declining bullish momentum. The trendline broke to the upside at 20:50 UTC later in the session, once again supported by a golden crossover of the MACD. This breakout, however, also produced little movement, and no spike followed. Price action, instead, coiled into a converging triangle pattern and set a resistance level at $0.1765.
Bullish Push to $0.1810: High of the Day
The converging triangle broke to the downside at 04:05 UTC, supported by a MACD crossover. However, the downside breakout failed to hold. The Starknet price quickly recovered, and an expanding triangle pattern emerged. This pattern led to a bullish push, marking the high for the day at $0.1810. The expanding triangle eventually broke to the downside at 09:05 UTC on 10 May 2025, supported by a death crossover of the MACD. The market is now at a key inflection point.
Should the downside breakout succeed and be backed by volume and momentum, the price might drop more toward the $0.1600 level, which may serve as a major support zone. But if the breakout fails and purchasers return, Starknet might bounce and reach for the $0.1800 level, close to the high seen earlier in the day.
A string of unsuccessful breakouts demonstrated Starknet’s indecision and temporary volatility. Before taking directional positions, traders should look for confirmation of the breakout. With momentum signals such as MACD and RSI pointing the way on the strength of the breakout, key levels at $0.1600 and $0.1800 will probably determine the following significant movement.
Will Starknet Break the Gridlock?
Starknet’s current price action reflects choppy conditions and failed follow-through on both sides, hinting at growing indecision. The expanding triangle that just broke down may lead to a deeper drop if selling volume increases. In that case, the $0.1600 level could serve as the next critical support zone. However, if buyers defend this level and regain momentum, the STRK price could retest the $0.1800 high. Traders should be cautious of false breakouts and rely on confirmation through MACD and RSI. Until a clear breakout occurs, Starknet is likely to remain trapped in a volatile, range-bound environment.
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