STRK Signals Bullish Reversal on BTCFi Boost and Layer-2 Momentum

Starknet's STRK token is showing signs of a potential macro reversal after breaking a multi-year descending trendline with expanding volume and technical confirmation. The token accumulated between $0.08 and $0.16 for months, with recent price action challenging key resistance levels. Analyst Captain Faibik highlighted this accumulation phase, noting that a breakout could target $0.62–$0.65, representing a 265% gain from prior levels.

Driving the momentum is Starknet's announcement of a 100 million STRK BTCFi program, designed to attract Bitcoin liquidity through integrations with tBTC and partners like Ekubo. This initiative has already seen 420 million STRK (11% of total supply) staked, though monthly unlocks of 1.63 million STRK may add supply pressure. Technical indicators support the bullish case, with STRK trading above its 30-day SMA ($0.118) and 23.6% Fibonacci retracement ($0.147), while RSI14 at 56.67 suggests room for further upside.

Market dynamics are reinforced by liquidity flows into Layer-2 ecosystems, as data from Artemis shows capital rotation favoring networks like Arbitrum, Starknet, and Polygon PoS. STRK surged 30.8% in 24 hours, partly fueled by aggressive futures buying on Binance, and traders like XFinish and Taran noted the shift in sentiment, with the token forming higher lows and testing resistance near $0.2177.