The crypto market has wavered in the past few days, with Bitcoin falling to $83,000 and the market capitalization of all tokens dropping to $2.8 trillion. Despite this, some top tokens like Starknet (STRK), Celestia (TIA), and Aerodrome Finance (AERO) are soaring.
Starknet price prediction
Starknet token has gone parabolic recently, reaching a high of $0.1200, its highest level since December last year. STRK has soared by over 400% from its lowest level this year.
The ongoing surge is happening despite weakness in its ecosystem. Its stablecoin supply has tumbled to $152 million from last month’s high of $346 million. Similarly, the total value locked (TVL) has slumped to $152 million from the year-to-date high of over $322 million.
At the same time, the token unlocks have continued to rise. It will unlock 163 million tokens worth $17.6 million this week. The surge is mostly because it is considering moving from a layer-2 to an independent layer-1 network.
The daily chart shows that the STRK token has rebounded from a low of $0.02218 in August to a high of $0.1230. This surge has pushed it above all moving averages, a sign that bulls have prevailed.
Starknet token chart | Source: TradingView
However, the token has become highly overbought, with the Relative Strength Index (RSI) moving to the extreme overbought level of 86.20, its highest level this year. This means that the token will likely pare back some of these gains, and possibly retest the support at $0.063, its highest point on May 9.
Aerodrome Finance price analysis
AERO token has slowly become one of the best-performing coins in the crypto industry. It has slowly moved from a low of $0.2733 in February to the current $0.942. This rally is different from Starknet’s because it has been gradual, with bulls buying every dip.
The token has jumped as Aerodrome Finance’s DEX volume has remained steady. It handled over $13.8 billion last month after handling over $12.8 billion a month earlier. Its third-quarter revenue soared to over $38 billion.
The token has jumped above the crucial resistance level of $0.9272, its highest level on September 26. Moving above that level invalidated the double-top pattern, a common bearish reversal pattern. It has remained above the 50-day moving average and the Supertrend indicator.
Therefore, the token will likely continue rising in the near term, with the next key target being the psychological level of $1.
AERO price chart | Source: TradingView
Celestia price prediction
Celestia token has made a strong bullish breakout in the past few days. This rebound happened after it remained in a deep consolidation phase for months. It remained between the support and resistance level of $0.2700 and $0.4847 for most part of the year.
The token has now jumped above the upper side of the channel and is about to form a golden cross pattern. This pattern happens when the 50-day moving average moves above the 200-day moving average. It is one of the most common bullish signs in technical analysis.
TIA price chart | Source: TradingView
The token will likely continue rising in the near term. If this happens, the next key target to watch will be the psychological level of $1, which is about 65% above the current level. A drop below the support level of $0.4847 will invalidate the bullish outlook.
READ MORE: Celestia Labs acquires Sovereign Labs to build high-performance custom blockchains
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