- STRK smashes through multi-month resistance with a powerful weekly close above the upper Bollinger Band.
- Staking soars to 1.2B+ STRK and TVL jumps 45%, fueling a 110% rally from October lows.
- Wave-3 target points toward $0.50 as BTC dominance falls and altcoin rotation intensifies.
Bitcoin’s weekly chart languishes in bearish territory, Starknet’s STRK is scripting a defiant comeback story. Veteran analyst CryptoBullet spotlighted the token’s explosive weekly close above the upper Bollinger Band, shattering a multi-month descending trendline with volume that eclipses recent norms by orders of magnitude.
coincodex.com Trading at $0.2174 on Binance as of November , STRK’s green candle not only confirmed the breakout but hinted at the onset of Elliott Wave 3, a phase that could catapult it toward $0.50.Starknet, Ethereum’s zk-rollup powerhouse, continues to outpace the market through innovation and adoption. Leveraging zero-knowledge proofs for scalable, private transactions, the network now hosts over 1,200 dApps, with total value locked (TVL) surging 45% month-over-month to exceed $1.2 billion.
Bitcoin’s Weakness Opens the Door for Altcoin Rotation
This growth is supercharged by BTC staking integrations via BTCFi protocols, offering yields up to 18% APY and pulling in cross-chain capital. Staking participation has ballooned, with a net influx of 305 million STRK in the past 30 days—pushing totals beyond 1.2 billion tokens locked, valued at over $250 million at current prices.The rally marks a 110% rebound from October’s $0.10 lows, fueled by yesterday’s 127 million STRK unlock ($21.5 million worth), which failed to dent momentum as buyers absorbed supply.
Community Sentiment and What Comes Next
On-chain metrics glow: transaction volume hit 15 million weekly, RSI at 68 signals sustained bullishness without overheat, and open interest on derivatives platforms jumped 60%. As BTC dominance dips below 55%, altcoin rotation favors high-utility plays like STRK, outshining competitors in the L2 arena.Technicals align for upside: holding $0.20 support eyes Fibonacci targets at $0.30 (50% extension) en route to $0.50 by Q1 2026. Yet, headwinds persist—a BTC drop sub-$90K could trigger pullbacks, and ongoing unlocks through December warrant caution. For developers and DeFi enthusiasts, Starknet’s volume-fueled breakout underscores its role in Ethereum’s scalability evolution. In a choppy market, STRK isn’t just surviving—it’s thriving, poised to redefine zk-tech’s trajectory.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
