Positive Index Returns – Is Starknet (STRK) Ready for a Recovery?

! Despite plans to unlock an additional 127.6 million tokens in the near future, Starknet is actively promoting the expansion of practical applications, notably enabling the use of STRK for payments at more than 15,000 retail outlets globally.

Technically, the RSI is currently in the neutral zone, while the CMF indicator shows that selling pressure is weakening — an early signal for a possible trend reversal. However, the exponential moving averages (EMA) maintain a bearish structure, suggesting that the market still has many elements to be cautious about in the short term.

Starnet's RSI remains neutral

Starknet is attracting attention in the third week of April with one of its most anticipated token unlockings: 127.6 million STRKs, or about $15.71 million, set to enter the market.

Despite facing significant supply pressures, the project has steadfastly pursued the goal of building sustainable value in the long term.

Recently, Starknet announced an important step in STRK's journey to expand utility: the token can now be used for payments in more than 15,000 stores globally – a powerful move to drive real-life adoption and applicability.

! strk-tangSTRK's (RSI) relative strength index | Source: TradingView Technically, STRK's (RSI) relative strength index is now at 42.92 – up slightly from yesterday's 37.29 mark, but still below the 44.76 level recorded earlier in the day. The RSI ranges from 0 to 100, with values above 70 usually indicating that the market is in an overbought state, while below 30 is an oversold signal.

The fact that the RSI hovers around 43 indicates that the current trend is quite neutral but still slightly tilted to the negative, with selling prevailing. If the index continues to go up, this could be a signal for an imminent rally. However, at the time of writing, STRK is still trading in the zone to watch cautiously.

STRK's CMF shows buyers are coming back

Starknet's Chaikin Money Flow (CMF) indicator recorded significant improvement, rising from -0.32 yesterday to -0.10 today — a signal that selling pressure is gradually weakening.

CMF is a volume-based technical indicator that reflects the flow of money into or out of an asset over a certain period of time. The index fluctuates between -1 and +1, with positive values indicating (tích lũy) buying prevail, while negative values indicating overwhelming (phân phối) selling pressure.

! strk-tangStarknet's Chaikin Money Flow (CMF) Indicator | Source: TradingView Although CMF is still in negative territory, the rebound towards the neutral mark indicates that selling is losing momentum. A level of -0.10 indicates that outflows are still present but not too strong, and this improvement may reflect growing interest from bulls.

If this rally continues and CMF breaks above 0, the indicator could act as support for a short-term rally of STRK.

Will Starknet fall below $0.11?

Starknet's (EMA) exponential moving averages are currently still tilted to the downside, as short-term EMAs maintain a lower position than long-term EMAs — a classic signal that selling pressure is prevailing.

! 4-hour STRK/USDT chart | Source: TradingView If this bearish pattern continues and selling intensifies, STRK could come under further pressure and retreat to test the support zone around $0.109.

However, if the momentum turns and STRK reverses the current trend, it could return to test the key resistance levels at $0.137 and $0.142.

A successful breakout through these milestones will open the door for STRK to move further towards the $0.158 region, marking a clearer recovery on the price chart.

You can see STRK prices here.

Disclaimer:** The article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.*

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