Starknet's STRK token rallies 13% amid bullish signals but faces key resistance and weak on-chain capital.

Starknet's STRK token has dropped nearly 59% over the past year but recently surged 13% in a trading session, breaking above a bullish cup-and-handle resistance pattern. Technical indicators like MACD and Chaikin Money Flow suggest strong buying momentum, signaling a potential continued rally. However, STRK faces a critical resistance level at the 1.0 Fibonacci mark, which could either lead to further gains or a consolidation phase. Despite the price rally, on-chain capital remains weak with declining total value locked and modest trading volume increases, indicating that sustained capital inflows are crucial for a long-term recovery.