$STRK To identify whether the STRK token (StarkNet) is in an uptrend or downtrend, you need to look at several key technical indicators and price action signals. Here's a basic guide:
1. Price Action (Charts)
Uptrend: Higher highs and higher lows (price keeps climbing over time).
Downtrend: Lower highs and lower lows (price continues falling over time).
2. Moving Averages
Short-term (e.g., 20-day EMA) above long-term (e.g., 50-day EMA): Uptrend.
Short-term below long-term: Downtrend.
3. RSI (Relative Strength Index)
Above 50: Often indicates bullish (uptrend) momentum.
Below 50: Often indicates bearish (downtrend) momentum.
Overbought (>70) or Oversold (<30) can also signal trend reversals.
4. Volume
Increasing volume with price rise: Confirms uptrend.
Increasing volume with price drop: Confirms downtrend.
5. Trendlines and Channels
Drawing trendlines connecting swing lows (uptrend) or highs (downtrend) helps visualize the direction.