Starknet (STRK) is currently priced at $0.080905, reflecting a 24-hour decline of 3.01%. The daily trading range has been relatively tight, with a high of $0.083454 and a low of $0.079845, indicating limited volatility in the short term.

Trading volume stands at 32,029,605, contributing to a market cap volume ratio of 7.97%, which suggests moderate trading activity relative to its market capitalization. However, the recent price action indicates bearish momentum, as seen in the hourly moving averages, with the 8 SMA at $0.0811 showing a slight decline of 0.20% and longer-term SMAs indicating a more pronounced downward trend.

The RSI metrics reinforce this bearish outlook, with the 1-hour RSI at 40, suggesting the asset is nearing oversold territory, while the 7-day RSI at 36 indicates sustained weakness. Price changes over various timeframes reveal a troubling trend, with a 7-day decline of 22.25%, a 14-day decline of 27.58%, and a staggering 30-day drop of 67.54%.

Given the substantial decline from its all-time high of $4.41, reached on February 20, 2024, STRK has a long way to recover, and current technical indicators do not suggest an imminent reversal. The market sentiment appears cautious, and further downward pressure could materialize if the price fails to maintain support levels near the current low.

Considering the overall bearish sentiment, weak RSI indicators, and significant historical price drops, the rating for Starknet (STRK) is a Sell. The combination of negative price momentum and technical signals suggests that investors should seek to exit positions rather than enter at this time.