- STRK price has gained bullish momentum and has already revisited its 9-month high.
- The rising DeFi ecosystem on the Starknet network amid growing institutional adoption has fueled bullish sentiment.
- The STRK price breakout could be a potential catalyst for a parabolic altseason in 2025.
Starknet (STRK) price has been among the few mid-cap altcoins performing well in the past few weeks. In the past seven days, STRK price has surged over 80% to trade at about $0.254 on Thursday, November 20, 2025, during the mid-London session.
Why is STRK Price Up Today?
Exponential Growth in STRK Futures Open Interest
The STRK price gained bullish momentum in tandem with the mild crypto rebound during the past 24 hours. However, STRK price recorded higher gains than most of the crypto assets fueled by its significant surge in Futures Open Interest (OI).
According to market data analysis from CoinGlass, STRK’s OI surged from around $52 million at the beginning of this month to hover at about $269 million at press time. On Binance, STRK’s OI has surged from about $11 million to around $52 million in the same period.
Growing DeFi activities on Starknet Network
The notable growth of STRK’s OI has coincided with a sharp uptick in DeFi activities on the Starknet network. According to market data analysis from DeFiLlama, the Starknet network has seen an exponential growth in total value locked and the stablecoins market cap year-to-date.
On August 10, the Starknet network had a TVL of around $102 million, it has since grown to about $250 million at press time. The network’s stablecoin market cap has grown from around $38 million to about $154 million during the same period.
With the STRK functioning as the default token for gas, staking, governance, and the main DeFi collateral, its bullish outlook is well anchored. The STRK’s utility was bolstered by the strategic collaboration between Starknet network and Anchorage Digital to democratize Bitcoin staking.
Technical breakout amid bullish sentiment
From a technical analysis standpoint, the STRK price has already broken out of a multi-month falling logarithmic trend resistance. After establishing a robust support level around $0.1, as observed by a potential double bottom coupled with rising divergence of the Relative Strength Index (RSI), STRK price is well-positioned to rally towards its all-time high soon.
Furthermore, the daily RSI has surged above the 70 level at the same time that the MACD indicator flashed a buy signal.
Related: ZKsync, Starknet, Linea Rip Higher as U.S. Shutdown Deal Spins Back Crypto Liquidity
Altseason 2025 or Just a Dead-cat Bounce?
The bullish sentiment for STRK has followed a recent growth in privacy-centric altcoins and the notable weakness in the wider crypto market. However, with the supportive macroeconomic backdrop amid the rising institutional adoption of crypto by institutional investors, the odds for an altseason to occur in the coming weeks have significantly surged.
Related: Starknet Price Prediction: STRK Holds Breakout Zone As Buyers React To $3M Spot Inflows
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