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Recently, the price movement of STRK has attracted the market's follow. Although on the surface the rise reached 9.4%, a deeper analysis reveals that this increase may not be as optimistic as it seems.
The current trading price of STRK is 0.1280. Although it has risen, it is still being suppressed by the high point of 0.1362. More notably, the price is being tightly constrained by the 25-day moving average (MA25) at 0.1297, while the only weak support below is provided by the 7-day moving average (MA7) at 0.1279.
The most concerning thing is that the OBV indicator shows a massive outflow of -65 million, which forms a clear top divergence with the price movement, suggesting that the current situation may be a bullish trap.
From a technical perspective, there are several unfavorable factors worth following:
1. The moving averages are in a bearish arrangement, with MA25 above MA7 forming a death cross, and 0.1297 becoming a strong resistance level.
2. Trading volume continues to shrink, currently only 290,000, far below the average level of 470,000, indicating insufficient rising momentum.
However, the KDJ indicator shows that it is currently in the oversold area (K=15.73, D=15.44), and a technical rebound may occur in the short term.
For holders, it is recommended to consider reducing positions in the range of 0.129-0.130, and set the stop-loss below 0.1278. If you want to buy on dips, you can wait for the price to stabilize in the range of 0.125-0.126 after a pullback, or wait for a breakout confirmation above MA25 at 0.1297.
Overall, the current price movement of STRK poses significant risks, and investors need to remain cautious, closely following the changes in key price levels, especially the important support levels at 0.1297 (MA25), 0.1279 (MA7), and 0.1205 (MA99).