$STRK Downward pressure: STRK fell by ~5% to $0.111, facing pressure from a token unlock on December 15 releasing 1.63% of the total supply.
The technical signal is unclear: technical indicators show conflicting signals indicating uncertainty in the market, with the support level of $0.095 being critical due to the conflicting technical indicators.
Network upgrade: Starknet has released upgrade v0.14.1 to improve performance, causing a temporary halt and suspending deposit and withdrawal operations on exchanges temporarily.
Securitization opportunity: Binance Simple Earn offers up to 29.9% APR on closed STRK products, providing an earning option for holders.
STRK is facing downward winds
The price dropped by ~5% to $0.111, continuing the downward trend.
The token unlock on December 15 is the main factor in the negative sentiment.
The main support is at the $0.095 level.
The upgrade was released amid fears of token unlocking
Starknet has released upgrade v0.14.1 to improve performance.
However, market sentiment is bearish due to a significant token unlock scheduled for December 15, creating downward pressure on the price. 🔗
High-yield STRK securitization campaign
Binance Simple Earn offers a promotional campaign for the STRK token.
Users can subscribe to closed products to earn up to 29.9% APR from rewards.
Strategic considerations
Monitoring the support level of $0.095 after the token unlock.
Long-term investors may consider the high-yield securitization campaign to earn rewards.
