Starknet (STRK) is currently priced at $0.111265, showing a 24-hour decline of 3.70%. The daily trading range has been relatively narrow, with a high of $0.11601 and a low of $0.108269, indicating limited volatility in the short term.

The trading volume stands at approximately 64.9 million, corresponding to a volume-to-market cap ratio of 12.15%, suggesting moderate liquidity. However, with a 7-day price change of -11.91% and a 14-day price change of -27.09%, the asset exhibits a significant bearish trend over both short and medium-term periods.

Analyzing the moving averages, the 8-period SMA at $0.1096 has turned positive with a 1.50% increase, while the 21-period SMA at $0.1115 shows a slight decrease of 0.25%. The 55-period SMA at $0.1111 and the 144-period SMA at $0.1123 also indicate weakening price momentum, further confirming bearish sentiment.

The 1-hour RSI stands at 46, while the 7-day RSI is also at 46, suggesting a neutral momentum with potential for further downside if selling pressure continues. Given the asset’s significant drawdown from its all-time high of $4.41 in February 2024, the current price reflects a long-term bearish trend.

In conclusion, the technical indicators and price action suggest that STRK is currently in a downward trajectory with minimal bullish signals present. Therefore, the recommendation is to Sell, as the asset appears to be facing further downside risks in the near term.