Starknet (STRK) is currently priced at $0.116229, reflecting a 24-hour decline of 1.40%. The daily trading range has been narrow, with a high of $0.120212 and a low of $0.116269, indicating low volatility.

The volume stands at approximately 99.77 million, equating to 17.87% of the market cap, which suggests healthy trading activity. However, the hourly moving averages show a consistent downward trend, with the 8 SMA at $0.1188 down 2.15%, and the 55 SMA significantly lower at $0.1258, down 7.62%.

Momentum indicators like the 1-hour RSI at 38 and the 7-day RSI at 39 confirm bearish conditions, as values below 40 typically suggest oversold territory. The price change over the past week has been particularly concerning, showing a drop of 17.66%, with a more significant 36.68% decline over the past two weeks.

Despite a slight uptick of 1.46% over the last 30 days, the overall trend remains negative, compounded by the stark difference from its all-time high of $4.41 reached in February 2024. This historical high contrasts sharply with the current price, indicating a significant potential downside risk if bearish sentiment persists.

Given the overall technical indicators pointing to weakness, alongside the substantial price corrections observed, the market sentiment around STRK remains bearish. Therefore, the recommendation is to Hold, as entering a Buy position now could lead to further losses if the negative momentum continues. Monitoring for signs of reversal or stabilization would be prudent before considering any new investments.