FxWirePro- STRKUSD (Chart of the day)

Starknet is a permissionless decentralized ZK-Rollup. It operates as an L2 network over Ethereum. It operates as a Layer 2 (L2) blockchain, enabling any dApp to achieve massive scale for its computation without compromising on Ethereum's compatibility and security.

SRKUSD was one of the best performers in the past week

Any daily close above $2.80 confirms further bullishness.

STRKUSD gained more than 30% in the previous week. The pair holds well above the short-term (21 and 55 EMA) and below the long-term moving average (200-EMA) in the 4-hour chart. It hit a high of $1.323 and is currently trading around $1.314.

The bullish invalidation can happen if the pair closes below $0.85. On the lower side, the near-term support is $1.25. Any break below targets $1/$0.85.

The immediate resistance stands at around $150. Any breach above confirms bullish continuation. A jump to $1.75/$2 is possible. A surge past $2 will take it to $3

It is good to buy on dips around $1 with SL around $0.80 for TP of $2.

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