US Central Command Orders Blockade of Iranian Ports
- Maritime Blockade: On April 13, the US Central Command ordered a blockade of all maritime traffic entering or exiting Iranian ports, covering the Gulf of Oman and Arabian Sea, which directly impacts about 20% of global oil trade and could trigger economic contraction across Asian markets.
- Surging Oil Prices: Following the blockade announcement, Brent crude oil prices surged above $104 per barrel, reflecting market concerns over supply disruptions, which could further elevate inflation expectations and restrict Federal Reserve policy options.
- Bitcoin Market Volatility: Bitcoin's price dropped from $71,500 on April 12 to $70,554 as the blockade news broke, stabilizing around $70,900, indicating market sensitivity to risk assets, with $1.7 billion in futures contracts liquidated during this period.
- Bhutan's Bitcoin Liquidation: The Kingdom of Bhutan transferred 319.7 Bitcoin worth $22.68 million from its reserves, significantly reducing its holdings from 13,000 to 3,954 Bitcoin, highlighting the unsustainability of small-scale sovereign mining in the current economic climate.
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Technical Analysis for STRK
Technical Sentiment Analysis for Starknet (STRK). As of , Starknet (STRK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 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 crypto.
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 | 0.0269 | 0.0294 | 0.0315 | 0.034 | 0.0361 | 0.0386 | 0.0407 |
| Fibonacci | 0.0294 | 0.0312 | 0.0323 | 0.034 | 0.0358 | 0.0369 | 0.0386 |
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