STRK’s breakout is at a critical point as buyers attempt to keep the $0.05 support level intact after a 28% surge. The $0.041 and $0.06 levels are also emerging as key areas for the next phase of price action.

Starknet’s STRK token is trading close to $0.0576, up approximately 8.7% over the past 24 hours. The token briefly climbed to $0.0607, its strongest price since May. The advance came after STRK pushed decisively above $0.05 over the weekend. Attention has now shifted to whether buyers can maintain that level as support.

STRK traded in the $0.041–$0.044 range for more than a week before breaking higher on October 3. The token has gained roughly 48% over the past week and almost 100% over the past month. Despite the strong rebound, it remains about 62% below its price from a year ago.

The rally has been accompanied by a sharp increase in trading activity. Daily volume is around $155 million, while STRK’s market capitalization has reached approximately $428 million, bringing the token back into the top 100 cryptocurrencies.

Momentum indicators are reinforcing the bullish setup. The daily MACD is at 0.0057, above the 0.0042 signal line, with the histogram remaining positive. Weekly RSI has also turned upward after showing bullish divergence for several months.

However, technical indicators could take a back seat to the key price levels. The daily chart currently highlights:

• Resistance: $0.065, the May high
• Support: $0.05, followed by $0.041 and $0.037

A sustained hold above $0.05 followed by a break over $0.065 would strengthen the bullish case and push STRK toward its highest level since February.

Conversely, a decisive move below $0.05 would weaken the breakout structure and could bring the $0.041 consolidation zone back into play.

On-chain data is also showing signs of accumulation, although it does not establish broad-based demand. A wallet associated with Quanterty bought 17.4 million STRK worth about $767,000. Pumpnomics reported that the wallet had purchased approximately $740,000 in STRK during the previous week.

Exchange flows provided another potentially bullish signal. STRK posted a negative spot netflow of $731,000 on October 4, indicating that more tokens were withdrawn from exchanges than deposited. Such a pattern can point toward accumulation, but exchange outflows alone are not enough to confirm buying demand.

Derivatives activity has increased alongside spot trading. CoinGlass data showed open interest climbing 4% to $86.5 million, while derivatives volume rose 76%. The increase reflects stronger market participation but does not reveal whether traders are predominantly bullish or bearish.

Starknet’s network metrics are showing early signs of improvement as well. Chainspect data shows the network generated $53,676 in revenue over seven days, marking the first time weekly revenue surpassed $50,000. Although the figure remains relatively small, it indicates that network fees are beginning to grow. Starknet’s total value locked is currently around $307 million.

Privacy-related DeFi applications could also be contributing to interest in the ecosystem. X users Blue Clarity and Pumpnomics highlighted Starknet-based products including privacy pools, private swaps and perpetuals. However, STRK is not a privacy coin, and greater application activity does not automatically translate into sustained demand for the token.

Token supply remains an important consideration. Approximately 7.42 billion STRK are currently in circulation against a maximum supply of 10 billion. Future unlocks could therefore create additional selling pressure.

For now, $0.05 is the level that matters most. Holding above it could give STRK room to challenge $0.065, while a break below it would shift attention back toward $0.041.