Starknet (STRK) is currently trading at $0.07675, having experienced a significant decline of 5.52% over the last 24 hours. The daily trading range has been tight, with a high of $0.081362 and a low of $0.076511, indicating potential consolidation or bearish sentiment in the market.

Volume stands at approximately $39.65 million, representing 9.93% of its market cap, which suggests moderate liquidity. However, the recent price action, combined with declining moving averages across multiple timeframes, signals persistent bearish momentum, particularly as the 1-hour RSI is critically low at 21, indicating oversold conditions.

The 7-day RSI at 44 supports the notion of a potential short-term rebound but does not yet confirm a bullish trend. Over the past week, STRK has lost over 8.35%, and the longer-term trends show declines of 8.99% over 14 days and 3.35% over 30 days, reinforcing a negative outlook in the near term.

The all-time high of $4.41 from February 2024 remains far out of reach, highlighting the significant drawdown and potential for continued pressure on the price. As the moving averages trend downward, market sentiment appears cautious, and investors are likely weighing further losses against potential recovery.

Given the current technical indicators and market conditions, a Sell rating is appropriate for STRK. The persistent downtrend, low RSI readings, and negative price momentum suggest that a further decline is likely before a potential recovery can occur.