Starknet Surges Despite Market Crash: STRK Up 24% Amid Scotty the AI’s $2.5M Milestone – Time to Buy?

cryptonews.com:

As wild Bitcoin price action fuels explosive market moves, promising ZK-rollup solution Starknet has seen STRK price surge up +24%.

This article will provide an analysis of STRK’s current price trends and look to see whether a newer AI coin, SCOTTY, represents a more promising investment opportunity at this time.

First big green day yesterday, and now painting higher like this with dips at vwap being scooped up. $STRK probably runs a lot more. https://t.co/4PZDXOfI1M pic.twitter.com/yH9gKwtvbo

— HORSE (@TheFlowHorse) March 6, 2024

Recipients of the Starknet airdrop, that have weathered over a week of relatively side-ways price action, are leaping with excitement at the first major move for STRK price.

As price action hammers the upper trendline, Starknet is currently trading at a market price of $2.51 (representing a 24-hour gain of +11.41%).

This comes amid a major bounce after 20 DMA support ascending to converge with a key price level at $2.25, propelling STRK price up to a new local high at $2.53.

Moving average support comes after Yesterday saw a well-defended re-test of lower trendline support, amid a broader market retracement triggered by Bitcoin’s recoil from a new all-time high.

However, today’s upside push creates some cause for concern, as the RSI indicator continues to heat up, to an almost severe degree at 68.37, although, in bull run conditions the RSI can often stay over-heat longer than a trader can stay liquid.

This sentiment is reflected in the MACD, which continues to show minor bullish divergence at 0.013.

Overall, STRK price analysis depicts a coin pushing up into price exploration, as upper trendline resistance seems set to give way to price exploration.

To the upside, this leaves STRK price targeting a move