TL;DR
- Market surge: Starknet’s STRK token jumped 30% in a week to $0.1777, its strongest showing since the February 2025 mainnet launch, with trading volume up 400% to $305 million and market cap reaching $796 million, ranking 95th globally.
- Technical outlook: On-chain data shows rising active wallets and transactions, with RSI steady at 65. Support is firm at $0.15, resistance is at $0.20, and a breakout above could fuel further gains despite short-term consolidation risks.
- BTC momentum: Bitcoin’s $126,198 record high boosted STRK, aided by new BTC staking, institutional interest, and ETF inflows, with future targets eyed at $0.35, $0.80, and potentially $1.
Starknet (STRK) has emerged as a top gainer as the crypto market entered “Uptober” and Bitcoin made headlines after reaching its first ATH of October. Taking full advantage of Bitcoin’s recent rally, STRK briefly savored the $0.20 resistance level, showing renewed investor interest and positioning itself as a top performer in the crypto market.
Starknet price spikes 30%
Starknet’s STRK token rocketed 30% in the past seven days, climbing to $0.1777. This marked its strongest daily performance since the February 2025 mainnet launch. Trading volume surged more than 400% to $305 million, with the STRK/USDT pair dominating activity across Binance, Bybit, and OKX. The rally lifted Starknet’s market capitalization to $796 million, securing the 95th spot among the top 100 cryptocurrencies. Over the past month, STRK has advanced more than 40%, underscoring its growing traction among traders.
STRK price outlook: breakout and retest
According to on-chain data, Starknet experienced a surge in two key metrics, active wallets and transaction volumes, both of which signal utility-driven demand instead of speculative trading. The surge marks a pivotal change for STRK, ending a multi-month downward trend, and its relative strength index is holding steady at 65.
On-chain metrics support a bullish reversal narrative, placing the support level at $0.15 and the resistance at $0.20. A breakout above the $0.20 could potentially propel STRK to increasing gains in the future; however, consolidation remains a short-term issue.
BTC spike and what it means for STRK
Bitcoin’s record climb to $126,198 acted as a rising tide for altcoins, particularly those bridging BTC liquidity to Ethereum scaling solutions. Starknet benefited directly, offering BTC holders the ability to stake wrapped assets like WBTC for STRK rewards. Since Bitcoin staking went live in mid-September, institutional interest has grown, bolstered by Starknet’s decentralized sequencers and fee-burning mechanisms. The integration has positioned STRK as a beneficiary of Bitcoin’s expanding ecosystem.
Future prospects and key barriers
BTC-link altcoins could keep experiencing market growth as Bitcoin ETFs’ inflows keep reaching new highs, and adoption continues to grow amid U.S. economic and political uncertainty. If broader bullish conditions continue to drive the crypto market, analysts suggest STRK could make a push towards the $1 mark, setting the next resistance levels at $0.35 and $0.80.
