Starknet (STRK) emerged as one of the market's biggest beneficiaries over the last 48 hours, according to reports from AMBCrypto. The altcoin successfully held the $0.03 support level and subsequently hiked and flipped $0.04 resistance, before reaching $0.046 levels - its highest point since May 2026. At the time of writing, STRK was trading at $0.040 following a 31% daily gain, with trading volume experiencing a record-breaking jump of 718% indicating greater market participation across the board. Latest data shows STRK price at ₹4.25, representing a 26% increase from ₹3.33 recorded 24 hours ago and 51% up from ₹2.74 one week ago.
According to AMBCrypto analysis, STRK's price was sitting above both short-term and long-term moving averages, reflecting strong upside pressure. The Relative Strength Index (RSI) sat deep in the bullish zone at around 66, hinting at trend continuation likelihood. For the bullish outlook to hold, STRK must close above $0.041 to reclaim the $0.046 level and target a flip of $0.05. Failure to maintain this level could result in a revisit to $0.03 support. Recent technical analysis shows RSI at 76.38, indicating the market is in overbought territory, while the Fear & Greed Index stands at 71 (Greed), suggesting continued positive sentiment. Market sentiment analysis shows 38.03% bullish sentiment compared to 57.48% bearish sentiment on Twitter, with 61.97% of tweets remaining neutral based on 24,478 tweets.
As reported by AMBCrypto, Starknet's capital inflows climbed to $61.7 million on September 18th, marking a significant recovery in investor sentiment. Daily turnover jumped to a yearly high of $6.6 million, suggesting increased buying pressure across the market. The last time protocol inflows reached such levels was November 2025, when STRK was trading around $0.28 - indicating strong correlation between capital flows and price performance. Recent trading data shows 549 buyers, 283 sellers and total 658 trades in the last 24 hours, with 28,727 unique individuals actively discussing STRK on social media platforms.
Despite the positive momentum, as reported by AMBCrypto, team-linked wallets have sold every time the token recorded gains over the past month, according to Arsian data. Team-linked wallets received 17 million STRK and started depositing to exchanges, with 4 million STRK deposited into Binance - a pattern that historically follows dumping behavior. Additionally, 175 million tokens are anticipated to increase new supply, creating potential market pressure and risk to the prevailing trend's sustainability. The current circulating supply stands at 7,350,605,580 tokens, representing 74% of its max supply of 10,000,000,000 STRK.
