Starknet, Treasure and Wormhole Post 100% Weekly Gains as Chart Setups Diverge
Key Takeaways
- •Starknet's network growth hit an all-time high, adding 1,166 new wallets in a single day as the token reached a local peak, a pattern Santiment linked to fear of missing out.
- •Starknet's top 10 addresses now hold approximately 7.09 billion STRK, their highest combined balance since April, even as retail enthusiasm cooled following the rally.
- •Analyst Ali Charts identified $0.112 as the next mid-channel level for STRK, with a potential retest of the upper channel boundary near $0.13 if upward momentum continues.
- •Treasure's MAGIC token, up roughly 165% over the week, is consolidating in a right-angle broadening pattern and could rebound from about $0.12 toward the pattern's upper boundary near $0.16.
- •Wormhole produced a TD Sequential sell signal as it approached $0.31 after rising approximately 117%, and could retreat toward $0.26 or slightly lower before its rally's durability is tested.
Starknet (STRK), Treasure (MAGIC) and Wormhole (W) each surged more than 100% over the past week, but the tokens' latest price patterns point to different potential paths ahead. On-chain analytics platform Santiment reported record new-wallet growth for Starknet along with rising balances among its largest holders, while analyst Ali Charts outlined rebound levels for STRK and MAGIC and flagged a possible pullback for W.
Starknet Network Growth Hits Record as Whales Accumulate
According to Santiment, Starknet — an Ethereum layer-2 network that uses STARK validity proofs to scale transactions — climbed roughly 330% over four weeks before its network growth reached an all-time high. The network added 1,166 new STRK wallets in a single day as the price reached a local peak.
Santiment said the wave of new wallets reflected fear of missing out following the rally, noting that buyers entering as prices climb raise the likelihood of a short-term retracement. STRK subsequently pulled back from its recent high.
Even so, the largest wallets continued accumulating tokens. Starknet's top 10 addresses now hold approximately 7.09 billion STRK, their highest combined balance since April. Santiment reported that these holdings increased even as retail enthusiasm cooled. The contrast between cooling retail interest and rising whale balances gives on-chain observers two distinct signals to track as the token digests its rally.
Ali Charts Maps Rebound Levels for STRK and MAGIC
Analyst Ali Charts said Starknet gained 116% last week before retreating from a high near $0.13. On the hourly chart, STRK appears to be trading within a parallel channel after rebounding from its lower boundary. The analyst identified $0.112 as the next mid-channel level to watch, with a potential retest of the channel's upper boundary near $0.13 if upward momentum continues.
Treasure, a gaming ecosystem whose MAGIC token serves as its native currency, gained roughly 165% during the same period and is consolidating within a right-angle broadening pattern. Having touched the pattern's lower boundary near $0.12, MAGIC could rebound toward the upper boundary around $0.16.
Wormhole Flashes Sell Signal Near $0.31
Wormhole, whose cross-chain messaging protocol connects separate blockchains, rose approximately 117%, though Ali Charts identified a different setup for the token. As W approached $0.31, the TD Sequential indicator produced a sell signal. According to the analyst, W could retreat toward $0.26 or slightly lower before the market determines whether its rally can continue.
Overall, Ali Charts characterized Starknet and Treasure as potential rebound setups, while Wormhole may need a further correction first. With all three tokens extended after steep weekly gains, the chart levels above — together with Santiment's wallet-growth and whale-balance readings — offer a concrete set of checkpoints for the days ahead.
