🔍 STRK Analysis – Support Retest or Momentum Recovery? 🔍
🛡️ Strike (STRK), a governance token for the Strike lending protocol, is trading near $11.42. Price action is retesting support after a recent pullback, with signals mixed and volume stabilizing.
📈 Technical Analysis
- Short-term trend: Bearish retest
- Support: $11.10
- Resistance: $11.85
- Pattern: Descending channel on 4H
- Volume: Stabilizing after decline
- RSI: Near 53, neutral zone
- Outlook: Neutral to bullish if support holds and volume increases
📰 Market Data & News
- Current Price: $11.42
- 24h Change: +1.6%
- No major headlines; STRK continues to support decentralized lending and governance operations
🔄 Scenario Breakdown
- Bullish Case: Bounce from $11.10 confirms continuation. TP: $12.20 / SL: $11.10
- Bearish Case: Breakdown below $11.10 confirms channel continuation. TP: $10.40 / SL: $11.85
📊 Sentiment Meter
📊 Neutral – Support in play, momentum recovery possible
⚠️ Risk Level
🟡 Medium – Setup forming, confirmation needed
STRK #TheCryptoMalik