The post STRK Weekly Analysis Jan 23 appeared on BitcoinEthereumNews.com. STRK is maintaining its primary downtrend structure while approaching a critical supportThe post STRK Weekly Analysis Jan 23 appeared on BitcoinEthereumNews.com. STRK is maintaining its primary downtrend structure while approaching a critical support

STRK Weekly Analysis Jan 23

5 min read

STRK is maintaining its primary downtrend structure while approaching a critical support test at $0.07 with a weekly 2.45% decline; BTC’s bearish supertrend signal is creating additional pressure on altcoins, but RSI at 32.84 shows potential accumulation signals in the oversold region.

Weekly Market Summary for STRK

STRK traded in a narrow $0.07-$0.08 range last week and sustained its primary downtrend with a 2.45% weekly loss. Volume profile remained stable at $53.07M, but momentum indicators (RSI 32.84) point to the oversold region while MACD’s negative histogram confirms bearish momentum. The market is positioned below EMA20 ($0.08), keeping the short-term bearish filter active. In the macro context, BTC’s downtrend pressure at $89,588 is showing correlated weakness in altcoins like STRK. This week, short bias is prominent for position traders as long as the trend structure remains intact; however, the $0.0710 support should be monitored as the breakout point. For more detailed spot data, visit the STRK detailed spot analysis page.

Trend Structure and Market Phases

Long-Term Trend Analysis

In the long-term perspective, STRK exhibits a clear downtrend structure on higher timeframes (1W/1M). The weekly chart shows an intact lower highs and lower lows formation; the recent peak was rejected from $0.1999 resistance, and price has retreated to the lower band of the main trend channel (around $0.0710). Market structure preserves the bearish bias as price continues to stay below EMA50 and EMA200. This phase carries distribution characteristics, but RSI divergences (weekly RSI near 32) may provide early signals for long-term bottoming potential. From a portfolio manager’s view, long positions are premature until the trend remains intact (no breakout above $0.1999); downside protection is essential for risk management.

Accumulation/Distribution Analysis

Market phase analysis indicates that STRK is at the threshold of transitioning from distribution patterns to accumulation. On the weekly volume profile, the $0.07-$0.08 range has emerged as a high volume node, which may signal potential accumulation by smart money. However, bearish MACD histogram expansion and negative volume delta sustain the distribution pressure. According to Wyckoff methodology, this could be a secondary test phase; if $0.0710 support holds, a spring pattern may form. This structure, common in altcoin cycles, shows stabilization following selling waves triggered by BTC dominance rises. For futures trading, check STRK futures market data.

Multi-Timeframe Confluence

Daily Chart View

On the daily timeframe, STRK emphasizes the bearish structure with 1S/1R confluence. Price is testing the $0.0710 major support (score 79/100), and staying below EMA20 confirms the short-term bearish filter. While RSI 32.84 offers oversold bounce potential, MACD bearish crossover opens the door to new lows. Among 8 strong levels, $0.0710S and $0.09R are critical on the daily; confluence is high here, as it overlaps with the fib retracement 0.618 level. Position traders should adjust bias based on daily closures.

Weekly Chart View

The weekly chart reinforces downtrend dominance with a 2S/4R breakdown. Main supports are at $0.0710 and below at $0.05 (1W channel lower band), while resistances cluster at $0.10 and $0.1999. Supertrend is bearish, momentum is weak; however, volume climax at low levels offers hope for an accumulation phase. Multi-TF confluence suggests we could see a weekly hammer candle if $0.0710 holds, signaling a reversal. Follow the STRK and other analyses section for all analyses.

Critical Decision Points

Key inflection points: Support $0.0710 (79/100 score, multi-TF confluence), if broken, $0.0143 downside risk activates (score 22). Resistance $0.08 (EMA20), $0.09 (trend filter), $0.1008 upside objective (score 25). Market structure creates bullish confluence if $0.0710 holds above; a break below brings bearish acceleration. R/R ratio carries 1:3+ potential in strategic targets, but BTC context increases risk. These levels are indispensable for position sizing.

Weekly Strategy Recommendation

In Case of Upside

If $0.0710 support holds and there’s a daily closure above $0.08, long entry around $0.0750 targeting $0.1008 (first objective). Stop-loss below $0.0700; manage with trailing stop on EMA20. This scenario requires confirmation with RSI bounce and volume increase. Upside momentum could extend to $0.1999, but monitor BTC resistances. Limit position size to 2-3% risk.

In Case of Downside

On a break below $0.0710, short entry at $0.0690, targets $0.05 and $0.0143. Stop above $0.0725; aggressive short bias with bearish MACD expansion. Hold core short as long as downtrend is intact, but take partial profits with oversold RSI. Risk management depends on BTC supports.

Bitcoin Correlation

STRK shows high correlation with BTC (0.85%+); BTC downtrend (supertrend bearish) triggers altcoin sales. If BTC key supports $88,377-$84,681 fail to hold, STRK’s $0.0710 breakdown accelerates. Conversely, BTC breakout above $91,072 creates a relief rally for STRK ($0.10 target). BTC dominance rise (currently bearish context) increases altcoin weakness; position traders should be alert below BTC $86,573.

Conclusion: Key Points for Next Week

Next week, monitor $0.0710 support and $0.08 resistance; hold signals bullish reversal, break signals bearish continuation. Risk increases for altcoins below BTC $88k, RSI divergences may signal accumulation. Strategic bias is bearish but R/R opportunities exist; weekly closures will determine direction. Patience is key until market structure changes.

This analysis uses Chief Analyst Devrim Cacal’s market views and methodology.

Crypto Research Analyst: Michael Roberts

Blockchain technology and DeFi focused

This analysis is not investment advice. Do your own research.

Source: https://en.coinotag.com/analysis/strk-weekly-analysis-strategic-evaluation-of-the-week-of-january-23-2026

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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