Starknet (STRK) is currently priced at $0.04547827, reflecting a significant 24-hour decline of 5.71%. The daily trading range has been narrow, with a high of $0.04865903 and a low of $0.04536538, indicating limited volatility in the short term.

Volume stands at 35,408,053, which represents 14.29% of the market cap, suggesting moderate interest among traders. The hourly moving averages indicate bearish sentiment, with all key averages trending below the current price and declining, particularly the 55 SMA at $0.0479 and the 144 SMA at $0.0489.

The 1-hour RSI is at 22, indicating that STRK is significantly oversold in the short term, while the 7-day RSI at 47 shows a neutral stance. Over the past week, the price has decreased by approximately 4.86%, and it has fallen by 15.99% over the past two weeks, indicating a broader bearish trend.

The longer-term perspective reveals a drastic 30-day price drop of about 43.07%, positioning STRK far below its all-time high of $4.41 reached in February 2024. This substantial decline raises concerns about the asset’s recovery potential, as it has not shown signs of reversal despite oversold conditions.

Given the current technical indicators, particularly the bearish moving averages and the low RSI readings, the recommendation is to Hold STRK. While the asset is oversold and may present a buying opportunity, the prevailing bearish trend and significant historical losses suggest caution before initiating new positions.