Starknet (STRK) is currently priced at $0.0475, reflecting a significant decline of 13.41% in the last 24 hours. The daily trading range has been relatively narrow, with a low of $0.0463 and a high of $0.0556, indicating increasing volatility and bearish sentiment among traders.

The trading volume stands at approximately 91.58 million, which constitutes 36.55% of the market cap, suggesting a healthy level of activity despite the price drop. Technical indicators show bearish momentum, with the 1-hour RSI at a critically low level of 12, signaling oversold conditions, while the 7-day RSI of 40 indicates a possible continuation of the downward trend.

Over the past week, STRK has seen a price decline of 24.77%, compounded by a more severe drop of 35.30% over the past 14 days. The 30-day trend indicates an overall loss of 48.38%, further reinforcing the bearish outlook as it approaches a prolonged downtrend since reaching an all-time high of $4.41 earlier this year.

Moving averages also paint a bearish picture, with all key SMAs (8, 13, 21, 55, and 144) reflecting significant downward trends ranging from -9.10% to -15.55%. This technical setup suggests that there is strong resistance above current price levels, making a rebound unlikely in the short term.

Given the current technical indicators and significant price declines, STRK is likely to remain under pressure in the immediate future. Therefore, the recommendation is to Hold until clearer signs of a trend reversal or stabilization emerge, as entering a position now may result in further losses in the ongoing bear market.