STRK Price Analysis: What Comes Next After a 70% Drop?* STRK has erased nearly all of its recent rally after a sharp 70% monthly drawdown.
* The STRK charts show early stabilization near support, but the broader downtrend remains intact.
* On-chain data hints at slowing sell pressure, though conviction from buyers is still limited.
When you zoom out and look at Starknet’s recent price action, it’s clear the market isn’t in full panic anymore, even after such a brutal selloff.
The STRK price didn’t just drift lower; it dropped nearly 70% in a short span. But what’s happened since feels more like the market catching its breath than continuing to unravel.
Lately, the STRK price has been hovering around the $0.085–$0.09 zone, an area that lines up with earlier consolidation before the last rally.
After slicing through multiple support levels during the unwind, this is the first spot where selling pressure has noticeably slowed. Dips into this range are getting absorbed faster, suggesting sellers are losing urgency even if buyers aren’t stepping in aggressively yet.
On-chain data helps put that into context. While STRK’s market cap clearly fell during the selloff, the pace of capital leaving the ecosystem has eased. Money isn’t rushing out the door anymore, which often signals a shift from outright distribution to a digestion phase.
Network activity supports that view. Active addresses and transaction counts dropped during the worst of the selloff but have since started to stabilize. They aren’t surging, but they’re also not collapsing, which usually means users are sticking around while price works through a reset rather than abandoning the network.
The biggest obstacle remains overhead. On lower time frames, the STRK price is still capped by a descending trendline that has rejected every bounce since the breakdown. Each recovery attempt has stalled quickly, showing buyers are cautious and conviction remains limited.
What’s next for Starknet?
If STRK can hold the $0.085–$0.09 base and eventually reclaim that trendline, the chart would start to look healthier. A move back toward the $0.11–$0.12 area would feel like real progress, not just another reflex bounce.
If that doesn’t happen, the downside is easier to map. A clean break below support would put lower levels back into focus, especially if broader market sentiment turns risk-off again. CoinCodex’s one-month STRK price target near $0.06451 reflects that risk.
For now, STRK is firmly in wait-and-see mode. The damage has already been done, but the chart still needs proof that selling is truly finished.
