- STRK forms an inverse head and shoulders, breaking above $0.140 neckline with rising volume.
- Target range of $0.155–$0.160 projected if breakout holds on retests.
- Support remains at $0.132–$0.135 near the 50-period SMA if momentum stalls.
Starknet (STRK) is trading at $0.1458, up 15.44% in 24 hours, as it challenges a key neckline breakout on the 4-hour chart, signaling potential continuation toward the $0.155–$0.160 zone.
Inverse Head and Shoulders Formation
Alpha Crypto Signal’s analysis shows STRK forming a well-defined inverse head and shoulders pattern on the 4-hour timeframe. The left shoulder appeared in late July, the head in early August, and the right shoulder has now broken higher.
The neckline sits around $0.140, marking the breakout threshold. STRK has recently pushed above this level, indicating that buyers are attempting to confirm a reversal from recent lows. A sustained move here could shift short-term sentiment in favor of bulls.
This formation is a widely recognized bullish reversal setup. Its measured move target is derived from the vertical distance between the head and neckline, projected upward from the breakout point, placing it in the $0.155–$0.160 range.
Volume and Breakout Confirmation
According to Alpha Crypto Signal, volume has picked up notably during the right shoulder’s upswing. This wave of activity shows a new purchasing interest and, it confirms the validity of the breakout move.
Technical traders find increasing volume during breakouts helpful in verifying price action. In STRK’s case, the surge in volume coincided with the push through $0.140, a positive sign for those tracking continuation patterns.
But this needs to be confirmed. The probability of achieving the target range would be enhanced using clean 4 hour close above 0.140 and then followed by a healthy retest. Without this, momentum could falter.
Support Levels and Risk Zones
In case of failure to uptrend above the neckline, the price can go down and retest the $0.132-$0.135 price support area. It is also close to the 50-period SMA, another technical bull cushion.
This support would preserve the reversal pattern, pointing to a potential second opportunity when buyers can make another attempt to break out. A breakdown below this range could weaken the near-term bullish structure.
At the moment, the bullish scenario is held as long as STRK is trading above the neckline. Near term traders can keep watch on price moves in the succeeding trading sessions to determine whether the move toward $0.155-$0.160 will be realized.
