Starknet (STRK) price has surged 95% over the past 30 days, and as it stands, the move may be far from over.
At the time of writing, the altcoin trades at $0.21, representing its highest level since February. This development has put it back in the spotlight, despite market uncertainty.
However, STRK’s rally was not without cause. In fact, it appears that the impact of Bitcoin (BTC) and Zcash (ZEC) played a critical role.
What could be next for Starknet’s price?
Starknet Breaks Key Resistance
The 4-hour chart indicates that Starknet’s price has demonstrated strength since the start of the month. As a result, it reached $0.20 on Nov. 10.
Days after, the token formed lower highs, as it slid to $0.14. However, as of this writing, the trend has changed, as STKR has extended its rally.
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This happened after the token broke the $0.20 resistance, forming a rounding bottom and holding the support near $0.14.
Amid this, the Moving Average Convergence Divergence (MACD) has formed a bullish crossover.
This crossover indicates rising bullish momentum that could help drive Starknet’s price higher.
However, the MACD is not the only indicator supporting a bigger rally. At press time, the green line of the Supertrend was positioned below the altcoin.
If this remains the case, the asset will likely attempt to break through the next upper-level resistance.
Zcash Privacy, STRK Scale Converge
Outside of the technical setup, development related to its fundamentals has also contributed to the hike.
To start with, rising interest in privacy-focused cryptocurrencies is driving strong demand for STRK.
For those unfamiliar, the project uses Zero-Knowledge (ZK) Rollup technology to boost transaction throughput, positioning it at the center of the trending narrative.
Furthermore, Zcash (ZEC) was the first to pioneer zero-knowledge proofs (ZKPs) for private transactions.
Now, Starknet, built on STARK proofs, allows users to verify Zcash-style proofs directly on-chain.
Amid this momentum, developers have introduced ZTARNET, a network designed to merge Zcash’s privacy guarantees with Starknet’s performance and scale.
Interestingly, Eli Ben-Sasson, co-founder of Starknet and Zcash, also supported this move some weeks ago.
Till now, he has not changed his stance.
“Best tech when it comes to scale, UX, security, and devX, built with long-term vision. Ahead of the curve because we aim to solve not only today’s pain points, but also the challenges crypto will face 10, 20, 50 years from now. (I’m biased. But I’m also right),” He noted.
“ZK for privacy, ZK for scale, ZK for security, ZK for unlocking new possibilities,” Ben-Sasson emphasized on Nov. 16.
Coincidentally, this has also impacted its price, as STRK aims to replicate Zcash, which has surged nearly 2,000% over the past 90 days.
Supply Squeeze Taking Shape
Examining on-chain data, Glassnode shows a rise in both retail and whale STRK accumulation.
Addresses holding more than 100 STRK have climbed to a record 21,868, signaling that smaller investors are accumulating aggressively rather than rotating into other assets.
At the same time, wallets holding over 10,000 STRK have reached an all-time high of 5,073, indicating sustained demand from crypto whales.
This dual-sided accumulation creates meaningful price pressure.
Retail inflows typically provide steady, broad-based support, which can lead to reduced sell-side liquidity over time.
Meanwhile, whale accumulation tends to amplify market impact.
When both groups accumulate simultaneously, the supply-demand imbalance can intensify, making the asset more sensitive to positive catalysts and reducing the depth of any potential dips.
If this trend continues, Starknet’s price could face a classic “supply squeeze.”
Historically, similar patterns in other ZK-focused tokens have preceded upside volatility. If history repeats itself, then STRK will likely trade higher.
Shrinking Float Fuels Momentum
Additionally, the Bitcoin staking feature on Starknet appears to be contributing to a bullish narrative as well. In October, CCN reported that the staked assets had reached $100 million.
As of this writing, roughly 900 million STRK are now staked, representing about 20% of the circulating supply. In most cases, this strengthens upward price pressure because any new demand must compete for a shrinking pool of liquid STRK.
Should this trend continue, Starknet’s price will likely breach the resistance ahead.
Looking at the on-chain perspective again, Santiment data shows that STRK’s Market Value to Realized Value (MVRV) ratio currently sits at 12.03%.
This metric measures the average holder’s profit and often signals whether an asset is overheated or still in an accumulation-friendly zone.
Historically, STRK has approached cycle tops only when the MVRV ratio pushes toward the 164.99% range.
In other words, today’s reading suggests that most holders are only modestly in profit, which typically reduces the incentive to take aggressive profits.
The wide gap between the current 12.03% and the historical peak of 164.99% implies that STRK’s price still has substantial room for appreciation before reaching overheated territory — assuming accumulation continues and staking continues to lock in supply.
STRK Price Eyes Huge Target
From a technical standpoint, the weekly STRK/USD chart indicates that the altcoin is preparing to break out of a falling wedge.
As seen below, Starknet’s price is currently pressing against the upper trendline, indicating growing bullish momentum as buyers challenge a key resistance zone.
Furthermore, the Bull Bear Power (BBP) has turned positive for the first time since Sept. 29, indicating that bulls have regained control over price strength.
At the same time, the Money Flow Index (MFI) has climbed to 77.12, demonstrating heightened capital inflows and continued buying pressure.
If these conditions persist — particularly if STRK closes a weekly candle above the wedge’s resistance, the altcoin could advance toward the $0.68 level.
A breakout accompanied by broader market strength may push the rally even further.
In a highly bullish environment, the price could extend toward $1, aligning with the 0.382 Fibonacci retracement level.
However, this scenario depends heavily on demand remaining strong. A fading privacy-coin narrative or broader risk-off sentiment could weaken the current setup.
In that case, STRK’s price may fail to sustain its momentum and could face a notable correction.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
