STRK: mixed signals and high volatility on October 16
- —Price at $0.0767 is below SMA-5, SMA-7 and VWAP, keeping near-term pressure intact
- —Volume of $363.96M is 119.81% above the 30-day average; turnover equals 62.54% of market cap
- —RSI at 58 and a bullish MACD show momentum, but no breakout confirmation
- —Context: Starknet's poll on quantum risk and a possible Ethereum split, plus shadow accounts launch
Why it matters: Heavy volume turnover with price below VWAP raises reversal risk, so new positions warrant caution.
Source: DiarioBitcoin