Starknet Mainnet Outage Raises Concerns Over Network Stability
- Mainnet Outage: Starknet's mainnet experienced over two hours of downtime, disrupting decentralized finance, gaming, and smart contract activities, leading to stalled transactions and delayed confirmations, which highlights ongoing network stability issues.
- Stable Market Response: Despite the technical setbacks, the STRK token remained stable during the outage, indicating that market confidence in Starknet has not significantly waned, reflecting investor recognition of its long-term potential.
- Developer Confidence Tested: The frequency of mainnet outages has led developers to reassess the risks of deploying applications on Starknet, particularly for those requiring consistent uptime, which could impact future development activities.
- Commitment to Architectural Improvements: The Starknet team has committed to architectural enhancements and improved monitoring systems; however, the recurrence of outages suggests ongoing operational challenges, with developers and ecosystem participants closely monitoring the speed of network recovery.
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Technical Analysis for STRK
Technical Sentiment Analysis for Starknet (STRK) As of , Starknet (STRK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STRK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STRK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Starknet (STRK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0189 | 0.0299 | 0.0418 | 0.0528 | 0.0647 | 0.0757 | 0.0876 |
| Fibonacci | 0.0299 | 0.0387 | 0.0441 | 0.0528 | 0.0616 | 0.067 | 0.0757 |
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