Starknet is a zero-knowledge rollup technology that aims to improve Ethereum’s scalability. By processing transactions off-chain while maintaining a summary on-chain, it effectively reduces gas fees and enhances transaction efficiency.

Currently, Starknet boasts a Total Value Locked (TVL) of $535.7 million and has achieved a remarkable 117 million cumulative transactions. The platform has 5,400 active accounts, showcasing its growing adoption in the blockchain ecosystem.

In recent market developments, the STRKUSD pair experienced a significant pullback of over 30% following a sell-off. After reaching a high of $0.4150, it is now trading around $2.02. Analysts have identified key levels to watch:

• Support near $0.35
• Resistance around $0.45
• Potential bullish momentum if a breakout occurs above $0.45, with price targets between $0.60 and $0.75

Investors are advised to consider buying on dips near $0.25, with a stop-loss positioned around $0.20 for potential gains.

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