Starknet (STRK) is currently priced at $0.108694, reflecting a significant 7.83% decline over the past 24 hours. The daily trading range has been tight, with a high of $0.118435 and a low of $0.108213, indicating a bearish sentiment as the price hovers near its lower range.

Volume for STRK stands at approximately 67.88 million, corresponding to 13.01% of its market capitalization, which suggests decent liquidity but also underscores the potential for volatility. The hourly moving averages are all trending downward, with the 8 SMA at $0.1106, indicating short-term bearish pressure, while longer-term moving averages show a consistent decline, reinforcing a bearish outlook.

Momentum indicators are also unfavorable, with the 1-hour RSI at 27, indicating oversold conditions, and the 7-day RSI at 41, suggesting a lack of bullish momentum in the medium term. Furthermore, the 7-day and 14-day price changes of -21.74% and -43.34% respectively point to a sustained downtrend, reinforcing the bearish sentiment.

Despite a slight uptick of 1.86% over the last 30 days, the overarching trend remains negative, especially considering the all-time high of $4.41 reached on February 20, 2024. The current price represents a significant drop from this peak, highlighting the challenges Starknet faces in regaining bullish momentum.

Given the technical indicators and market sentiment, the recommendation for STRK is to Sell. The continued decline in price, poor momentum indicators, and lack of significant buying volume suggest that further downside risk is likely, making it prudent to exit positions until clearer bullish signals emerge.