Starknet (STRK) is currently priced at $0.084793, reflecting a 24-hour decline of 2.84%. The daily trading range has been relatively narrow, with a high of $0.087276 and a low of $0.083405, indicating limited volatility in recent trading sessions.

The volume for the past 24 hours stands at approximately 28.84 million, translating to a volume-to-market cap ratio of 6.53%. This suggests moderate trading activity, which could indicate a lack of strong conviction among traders regarding current price levels.

From a technical perspective, the 1-hour RSI is at 27, indicating that STRK is oversold in the short term. Conversely, the 7-day RSI at 52 suggests that the asset is neither overbought nor oversold in the mid-term, which could imply a potential for recovery if buying interest returns.

Examining the moving averages, the 8 SMA is slightly bullish at $0.0842, while the 13 SMA is neutral at $0.0848. However, the 21 and 144 SMAs are showing bearish momentum, which could indicate resistance levels to overcome before a sustained uptrend can occur.

In terms of price trends, STRK has experienced a 3.27% increase over the past week, but the 14-day change shows a decline of 3.60%. This mixed performance highlights the asset's potential for short-term fluctuations while struggling to maintain upward momentum in the longer term.

With an all-time high of $4.41 reached in February 2024, current prices reflect a significant retracement. The potential for recovery from these lows exists, but sustained buying pressure will be necessary to overcome resistance levels indicated by moving averages.

Given the oversold conditions in the short term and the mixed signals from the moving averages, a cautious stance is warranted. Therefore, the recommendation for Starknet (STRK) is to Hold, as there may be opportunities for recovery in the near future, but uncertainties persist in the medium term.