Noticed that Starknet has a large token release today, with 64 million STRK entering the market, which will definitely put some short-term pressure on the price. I checked the data, and currently STRK is fluctuating around $0.04, with quite a bit of volatility.

Interestingly, although there is dilution pressure, the technical indicators still show some support. I looked at the RSI, which is in the mid-40s, indicating that while there is selling pressure, it hasn't reached oversold levels yet. The key is whether it can hold the $0.030 level; if it does, the previous bearish momentum might be negated.

Overall, whether STRK can smoothly absorb this release is crucial for the upcoming rebound structure. In the short term, we should keep an eye on the support levels and observe how the market absorbs the selling.