Starknet (STRK) is currently trading at $0.112965, reflecting a 3.33% increase over the last 24 hours. The price has shown a daily range between $0.108213 and $0.114426, indicating moderate volatility and a healthy trading volume of approximately 55.5 million, representing 10.22% of its market cap.

The short-term moving averages are showing bullish signals, with the 8 SMA and 13 SMA trending upwards, indicating a potential upward momentum. However, the longer-term 55 SMA and 144 SMA are both declining, suggesting that resistance levels are present at around $0.1148 and $0.1195, which may hinder significant upward movement in the near term.

The Relative Strength Index (RSI) is currently at 67 on an hourly basis, indicating that STRK is nearing overbought territory, which could lead to a short-term pullback. In contrast, the 7-day RSI is at 44, suggesting a lack of strong momentum over the past week, with a notable decline of 18.16% in that timeframe, and a more pronounced 32.48% drop over the past 14 days.

From a fundamental perspective, STRK has a substantial distance to cover to reach its all-time high of $4.41, achieved in February 2024. Despite the recent price recovery, the broader market sentiment appears cautious, reflecting the volatility and the potential for further downside before a sustainable uptrend can be established.

Given the current indicators, particularly the overbought condition on the hourly RSI and the weakness observed over the past week and fortnight, a cautious approach is warranted. The recommendation is to Hold STRK, as there may be short-term corrections that could present better entry points for long-term accumulation.