Starknet (STRK) is currently trading at $0.071831, reflecting a 24-hour decline of 2.96%. The daily price action has shown a high of $0.075488 and a low of $0.071328, indicating a tight daily range of 0.00416%, which suggests limited volatility in the short term.

Volume has reached approximately 58.76 million, representing 15.71% of the market cap, which signals a moderate level of trading activity. However, the moving averages indicate bearish momentum, with all short-term SMAs (8, 13, 21) currently below the 55 SMA, indicating a potential downtrend in the immediate future.

The 1-hour RSI is at 29, suggesting that STRK is nearing oversold conditions, while the 7-day RSI at 41 indicates that there is still room for further declines before reaching oversold levels. Additionally, the 7-day price change of -15.29% and the 14-day price change of -12.95% reflect consistent downward pressure on the asset.

The all-time high for STRK remains significantly elevated at $4.41, achieved earlier in 2024, showcasing the potential for recovery but also indicating the distance required for any meaningful price appreciation. Given the current bearish technical indicators and the recent price declines, a cautious approach is warranted.

In summary, despite the oversold conditions indicated by the RSI metrics, the broader trend remains bearish with a lack of significant buying volume to reverse momentum. Therefore, the recommendation is to Hold STRK at this time, awaiting confirmation of a trend reversal or a more favorable entry point as technical indicators stabilize.