Starknet's STRK token has reached a four-month high of $0.046 following a 31% daily price surge. The altcoin successfully held above $0.03 before climbing through $0.04 resistance.
Trading activity intensified significantly during the rally. Daily trading volume surged 718%, while daily turnover jumped to $6.6 million, a yearly high. This elevated activity was characterized primarily by buying pressure, according to market data.
Capital flows into the Starknet protocol have also strengthened. On September 18th, USD inflows through the Starknet Bridge climbed to $61.7 million, marking levels not seen since November 2025. Over the preceding four days, the token's spot netflows remained negative, suggesting strong demand from buyers willing to absorb available supply.
Technical indicators and price outlook
STRK is currently trading above both short-term and long-term moving averages, with its Relative Strength Index positioned at approximately 66, deep in bullish territory. These technical signals suggest continued upside momentum.
If demand sustains above $0.041 support, the token could target $0.05 following its current $0.046 level. However, failure to maintain this support could result in a pullback toward $0.03.
Supply concerns emerge
Despite bullish technical signals, concerns have emerged regarding token supply dynamics. According to on-chain monitors, team-linked wallets have deposited 17 million STRK tokens to exchanges over the past month, following a pattern of selling during price rallies. Recent activity included an initial 4 million STRK deposit to Binance.
Additionally, approximately 175 million tokens are anticipated to enter circulation, which could create supply pressure opposing current demand.
