Starknet’s native token STRK climbed 13% in the latest trading session, drawing attention as bullish chart signals strengthened. According to the source material, the token moved above the resistance line of a cup-and-handle formation, a classic continuation pattern that often suggests room for further upside when confirmed by momentum.
Bullish indicators support the move
The rally was accompanied by constructive technical signals. The report notes that MACD has formed a bullish golden cross, pointing to strengthening momentum, while Chaikin Money Flow (CMF) shows rising buying pressure. Together, these indicators reinforce a positive short-term outlook and suggest that the recent advance is not purely a random spike.
Fibonacci resistance becomes the next test
Even so, STRK now faces an important barrier. The article highlights the 1.0 Fibonacci resistance level as a key hurdle that could determine whether the current upswing can continue. A successful break above that area would likely strengthen bullish conviction, while rejection there could slow the pace of gains.
On-chain recovery remains incomplete
Despite the improving chart structure, on-chain capital activity has yet to fully confirm a broader recovery. The source says Starknet’s total value locked (TVL) has declined significantly since January, signaling weaker capital commitment across the network. Decentralized exchange volume has improved, but the report stresses that sustained on-chain inflows will be necessary for a more durable long-term rebound in STRK.
In that sense, the latest 13% rise appears to be a technically driven advance rather than a fully validated ecosystem recovery. Traders and investors will likely watch both the token’s behavior around Fibonacci resistance and whether capital returns to the Starknet network in a more meaningful way.