Descending Channel in Play STRK’s Next Move Could Be Explosive

STRKUSDT continues its decline within a well-defined descending channel, with the most recent bounce coming directly off the bottom boundary of the channel. This rebound aligns with a confirmed bullish divergence on the RSI, suggesting the current move may mark a key inflection point.

As price climbs, attention now shifts to the upper boundary of the channel, which serves as a key structural resistance. A break above this upper trendline would signify a reversal from the prevailing downtrend, validating the first higher high in the micro to mid-term, with upside potential toward $0.2422 and $0.7856, as shown on the chart.

However, failure to clear the upper boundary could trigger a sharp rejection and initiate another round of sell-off, potentially dragging price into a deeper landing zone below the demand level.