Price has dropped over –96% from its peak — a typical altcoin story: the project is forgotten, but technically still alive.
The line between a bottom and a total collapse is thin here, yet the structure remains intact for now.
🔻 Technical Outlook:
▪️ Price is moving within a descending channel
▪️ The recent inverted head and shoulders pattern failed to play out
▪️ A potential double bottom or dragon pattern may be forming
▪️ A repeating fractal structure is visible — another rounded, concave base developing
📌 What’s next:
Summer often brings slow, choppy action. Price could remain stuck near the lower channel zone for a while.
🚨 Key trigger going forward:
The next real momentum in alts — including STRK — is likely to come when #ETH enters its distribution zone and gains strategic interest at the institutional or even state level.
The line between a bottom and a total collapse is thin here, yet the structure remains intact for now.
🔻 Technical Outlook:
▪️ Price is moving within a descending channel
▪️ The recent inverted head and shoulders pattern failed to play out
▪️ A potential double bottom or dragon pattern may be forming
▪️ A repeating fractal structure is visible — another rounded, concave base developing
📌 What’s next:
Summer often brings slow, choppy action. Price could remain stuck near the lower channel zone for a while.
🚨 Key trigger going forward:
The next real momentum in alts — including STRK — is likely to come when #ETH enters its distribution zone and gains strategic interest at the institutional or even state level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.