The altcoin market is in the middle of a trend reversal right now after a period of prolonged weakness. Starknet is no exception to the same. In fact, after $STRK successfully held $0.03, the altcoin hiked and flipped $0.04, before hitting $0.046. In doing so, it reached its May 2026 levels.
At the time of writing, $STRK was trading at $0.040 following a hike of 31% on the daily charts. Its trading volume saw a record-breaking jump too, with the same up by a whooping 718%. This hinted at greater market participation across the board.
Here, it’s worth noting that this market activity seemed to be mostly on the buy side. Coinank data revealed that Daily Turnover had jumped to a yearly high of $6.6 million, hinting at greater buying pressure.
A look at Starknet’s recovery
As the market rebounded, Starknet [$STRK] investors returned with strength. On 18th September, for instance, the protocol’s capital inflows climbed to $61.7 million.
USD Inflows on Starknet Bridge have not hit these levels since November 2025. Previously, when protocol inflows were hitting such a level, $STRK was on a strong upside run while trading at around $0.28.
On top of that, open market demand also seemed to echo this market shift. In fact, over the past 4 days, the altcoin’s Spot Netflows have remained negative.
On 19th September, Netflows dropped to -$1.34 million for the first tume since April. A look at both USD inflows and exchange flows revealed that when both reached press time levels previously, Starknet performed well on the price charts.
Is there reason to worry though?
Despite growing market optimism and capital flows, the crypto community has some concerns with $STRK. Especially since some on-chain monitors have raised concerns over team-linked wallet dumping.
According to Arsian, over the past month, team-linked wallets have sold every time the token recorded some gains. In its latest move, team-linked wallets received 17 million $STRK and started depositing to exchanges.
At first , the wallet deposited 4 million $STRK into Binance. Often, these deposits have followed dumping based on previous patterns. Such market behavior, especially from the team, tends to increase supply, which also precedes market weakness.
Additionally, new supply is anticipated to hit the market, according to Miau. The analyst noted that 175M tokens will likely increase new supply, resulting in a new fight between renewed demand and fresh supply.
These two aspects are likely to cause market pressure and risk the prevailing trend’s sustainability.
Can $STRK hold the uptrend?
Regardless of the highlighted concerns, the market was leaning bullish at press time. $STRK’s price was sitting above its short-term and long-term moving averages, reflecting strong upside pressure.
At the same time, Starknet’s Relative Strength Index (RSI) sat deep in the bullish zone at around 66.
Together, these trend indicators hinted at the likelihood of a trend continuation. Therefore, if the demand can hold, $STRK will reclaim $0.046 and target a flip of $0.05. For this outlook to hold, $STRK must close above $0.041. Failure to do so, and the altcoin could revisit $0.03 support.
Final Summary
- Starknet [$STRK] surged by 31% and flipped $0.04-resistance to hit a four-month high of $0.046.
- Starknet’s rally driven by strong market demand and improving market sentiment.
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