Starknet Resumes Operations After Critical 4-Hour Outage
- Outage Duration: The Starknet network experienced a significant outage lasting over four hours on January 5, 2025, which temporarily halted transactions and smart contract operations; however, its swift recovery underscores the system's resilience, enhancing user trust in the network.
- User Impact: During the outage, users were unable to execute transactions or interact with decentralized applications, and while the market reaction to the STRK token was minor, this incident tested user patience and developers' contingency plans.
- Transparency Commitment: The Starknet team has committed to releasing a detailed post-mortem report analyzing the root cause of the outage and proposing long-term preventative measures, aligning with industry best practices to enhance systemic trustworthiness.
- Future Development: To maintain competitiveness, Starknet must implement more decentralized sequencer sets and improve failover mechanisms to enhance fault tolerance, thereby securing its position in the increasingly crowded Ethereum Layer 2 ecosystem.
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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 | 0.0209 | 0.0309 | 0.0417 | 0.0517 | 0.0625 | 0.0725 | 0.0833 |
| Fibonacci | 0.0309 | 0.0389 | 0.0438 | 0.0517 | 0.0597 | 0.0646 | 0.0725 |
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