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I recently participated in the recharge event of the STAR project and would like to share some personal insights.
The participation in this event was unexpectedly high, with a large influx of funds pushing the price from 1 to 1.6. Half an hour after the event ended, the price adjusted back to 1.2. It looks quite volatile, but a closer analysis shows that there is actually support behind this market movement.
I believe STAR is worth paying attention to in the short term, and at this position, it might be a good time to consider entering. There are two main reasons:
**First, the project itself has a solid background**
I checked the official website, and the operator STAR POWER mainly engages in energy trading-related business, which is quite substantial, with relatively stable cash flow. More importantly, decentralized solutions for energy trading are technically feasible, meaning the project is unlikely to rely on hype to maintain its price and is supported by real application scenarios.
**Second, the price baseline is stable, with considerable rebound potential**
STAR has maintained stability around 1.1 for a long time. Entering at this level during a pullback, combined with the heat from this event not fully dissipating, the token value is likely to see significant uplift. Plus, during the event, trading volume surged, providing short-term profit-taking opportunities.