This Ethereum-based Altcoin To Be The Next 10X Gem This AltSeason?

While the cryptocurrency market suffered a strong pullback this week with top tokens recording a double-digit loss, some low-cap and mid-cap altcoins have experienced a meteoric rise. One such ETH-based project is Strike (STRK), which has come under the spotlight overnight with its 200% rally.

With a potential altcoin season around the corner, will the STRK crypto token maintain its bullish action and smash its ATH of $88.59? In this article, we have covered the possible short-term market sentiment and price analysis of the Strike (STRK) crypto token.

Strike Price Soars Over 200% In 24 Hours!

The STRK price has surged ~210% in 24 hours with a trading volume of $1.93 billion, a massive change of +76,679.39%. With this, the altcoin has achieved a market capitalization of $100 million, resulting in it securing a position in the top 500 cryptocurrencies.

The Relative Strength Index (RSI) records a sharp rise, resulting in its surpassing the overbought range in the daily time frame. Moreover, the average trendline constantly supports the price chart, suggesting a bullish outlook in the upcoming time.

Further, the SMA indicator shows a positive curve in the STRK price chart in the 1D time frame. This indicates that the altcoin may continue gaining value this week.

How High Will STRK Price Go?

If the bullish sentiment is sustained, the Strike price could retest its resistance level of $22. Maintaining the price above that level could push the price of this altcoin toward its upper high of $25 by the weekend.

On the contrary, if a trend reversal occurs, the STRK coin price could plunge toward its support level of $15. Furthermore, if the bulls fail to regain momentum at that point, this could result in it dropping toward its lower support trendline of $12.

Considering buying this viral altcoin, but concerned if it’s too late? Read CoinPedia’s Strike Price Prediction to uncover mysteries until 2030!

FAQs