Starknet is under pressure today, and the move is not coming out of nowhere. The STRK price is trading around $0.082, down on the day, and the chart reflects a market that is still trying to digest a heavy supply event while broader sentiment remains shaky.
The drop looks less like panic and more like a slow reaction to known risks finally hitting the market.
Token Unlocks Finally Hit the Market
The biggest weight on STRK right now comes from its latest token unlock. On December 15, Starknet released around 127 million STRK into circulation, roughly 5% of the circulating supply.
Unlocks like this tend to matter, not because they surprise traders, but because they change the balance between buyers and sellers overnight.
In this case, the market simply did not have enough demand waiting. Liquidity was already thin, and once the new tokens became transferable, selling pressure picked up.
Volume actually fell after the unlock, which is a bad mix. When supply increases and trading activity drops, prices usually slide until a new balance is found. With another scheduled unlock coming in mid-January, traders are clearly cautious about stepping in too early.
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Altcoins Are Still Stuck in Risk-Off Mode
Altcoins as a whole are struggling. The Fear and Greed Index is sitting deep in fear territory, and Bitcoin dominance keeps creeping higher.
That tells a simple story. Capital is moving toward safety. Institutions are still favoring Bitcoin through ETFs, while Ethereum and smaller Layer-2 tokens are being left behind. In that environment, even solid projects have a hard time attracting fresh money.
For Starknet, this means that positive developments or long-term upgrades are not enough on their own. Without broader risk appetite, most altcoins remain vulnerable to slow bleed rather than sharp reversals.
The STRK Chart Shows Weak Structure, Not Capitulation
From a technical point of view, Starknet does not look strong yet. The STRK price is still sitting below all its key moving averages, which tells the same story the chart has been telling for a while now. The trend hasn’t flipped. Sellers are still in control.
The RSI is drifting close to oversold territory, so selling does look a bit stretched. That can sometimes set the stage for a short bounce, but on its own, it doesn’t mean much. Oversold conditions can stick around longer than people expect.
Source: CoinMarketCap/STRK
What’s missing right now is a clear bullish signal. There’s no divergence to indicate momentum is turning, and the price is still hovering uncomfortably close to the $0.079 support zone.
If that level gives way, the downside stays open. If buyers fail to defend that area, the chart leaves room for another leg lower before any meaningful recovery attempt.
What’s Next for STRK?
The STRK price current dip is not about one bad headline. It is the result of supply hitting the market, weak altcoin sentiment, and a chart that has not stabilized yet.
Network progress and ecosystem growth still matter long term, but in the short term, price action is being driven by macro flows and token mechanics.
For now, Starknet remains in a waiting phase. Buyers want confirmation. Sellers are still active. Until that changes, volatility is likely to stay pointed to the downside.
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The post Why Is Starknet (STRK) Price Down Today? appeared first on CaptainAltcoin.
