Starknet (STRK) is currently trading at $0.080963, experiencing a slight decline of -0.19979% over the past 24 hours. The daily price action shows a high of $0.083978 and a low of $0.080643, resulting in a tight daily range of 0.003335%, indicating low volatility.

Trading volume stands at 37,698,513, which represents 9.23% of the market cap, suggesting moderate trading activity relative to the overall market capitalization of STRK. The hourly moving averages indicate a downward trend, with the 8 SMA at $0.0813 (-0.44%), the 13 SMA at $0.0816 (-0.78%), and the 21 SMA at $0.0819 (-1.09%), pointing to bearish sentiment in the short term.

The Relative Strength Index (RSI) metrics further confirm this bearish outlook; the 1-hour RSI is at 28, indicating an oversold condition, while the 7-day RSI at 41 suggests that the asset is still below neutral territory. Over the last seven days, STRK has seen a price drop of approximately -10.69%, with a more significant decline of -23.04% over the past month, emphasizing a sustained downtrend.

Despite a minor positive adjustment of 1.69% over the last 14 days, the overall trend remains negative, and the proximity to the all-time high of $4.41 from February 2024 highlights the significant distance STRK has to recover. Given these data points, including the recent price movements and RSI indicators, the market sentiment appears bearish in the short to medium term.

Based on the current analysis, a Sell rating is recommended. The downward trajectory, coupled with oversold conditions and recent price declines, suggests that further downside may be likely before any recovery can be considered.