$STRK Imminent supply shocks: The large unlock of approximately 163 million tokens on December 15 will lead to significant selling pressure, contributing to a monthly decline of 28%.
Bearish technical indicators: The price remains in a clear downward trend with a bearish MACD indicator; however, the oversold RSI indicator (<30) suggests a potential short-term bounce.
Contradictory flows: While the data每小时 indicates positive net capital flows suggesting some accumulation, the crowded long positions increase the risk of liquidation.
Yield opportunities: Binance Simple Earn offers an APR rate of up to 29.9% on STRK tokens, providing long-term investors with an option to earn returns.
Technical indicators $STRK : oversold vs. bearish trend
STRK is trading at a price of $0.1067, representing a monthly decline of 28%. The oversold RSI indicator (<30) indicates a potential rebound, but the presence of a bearish MACD and the upcoming unlocking of tokens on December 15 suggests continued downward pressure.
Unlocking dominance on market sentiment
The discussion focuses on the imminent unlocking of around 163 million STRK tokens on December 15 as the main bearish factor. Despite the network upgrade (v0.14.1) being completed, its positive impact is overshadowed by concerns about supply. 🔗
Earn high returns on STRK tokens
Binance offers a Simple Earn campaign for STRK token holders. Users can subscribe to locked products for 7, 15, or 60 days to earn promotional APR rates of up to 29.9% on their holdings.
Strategic considerations
Potential for a short-term rebound from oversold levels.
Staking through the Binance Earn platform provides long-term returns for investors.
