Starknet (STRK) is currently priced at $0.1187, reflecting a significant 10.52% decline over the past 24 hours. The price action has been volatile, with a daily high of $0.1327 and a low of $0.1139, indicating heightened selling pressure.

The trading volume stands at approximately 138.63 million, which represents 24.31% of the market cap, suggesting a reasonably active market. However, the declining price and negative momentum are evident in the hourly moving averages, with the 8 SMA at $0.1200 showing a decline of 1.05%, while longer-term averages exhibit even steeper declines, indicating bearish sentiment.

Momentum indicators such as the 1-hour RSI at 29 indicate that the asset is nearing oversold conditions, although it remains below the neutral threshold of 50 on the 7-day RSI at 45. The longer-term price changes also tell a story of weakness, with a 7-day decline of 16.50% and a 14-day drop of 45.59%, further reinforcing bearish sentiment in the market.

Despite a modest 30-day price increase of 10.68%, the overall trend points to a lack of strong buying interest, particularly in the context of the asset's all-time high of $4.41. The current price is approximately 97.3% below this peak, indicating significant challenges in reclaiming prior highs without substantial bullish catalysts.

In summary, the combination of negative short-term momentum, a bearish trend across moving averages, and RSI readings suggests continued selling pressure. Therefore, the recommendation for STRK is to Sell, as the current market conditions do not favor a recovery in the near term, and risk management should be prioritized.