Starknet (STRK) is currently trading at $0.077441, reflecting a significant 7.55% decrease over the past 24 hours. The asset has seen a daily range between $0.076968 and $0.08377, indicating limited volatility but a bearish trend as it continues to test support levels.

Trading volume stands at approximately 50.31 million, corresponding to a volume/market cap ratio of 12.48%, suggesting moderate trading activity relative to market capitalization. The short-term moving averages indicate a downward trend, with the 8 SMA at $0.0788 showing a decline of 1.74%, while the longer 144 SMA at $0.0843 reflects an 8.10% decrease, reinforcing bearish sentiment.

The Relative Strength Index (RSI) metrics reveal oversold conditions, with the 1-hour RSI at 26, signaling potential for a short-term bounce. However, the 7-day RSI at 42 suggests that the asset is still under pressure, as it has experienced a 10.66% price drop over the past week and a 13.33% decline over the last 14 days.

Given the sharp declines in recent price changes and the lack of bullish momentum in both the short-term and medium-term indicators, STRK is likely to face continued selling pressure. The asset's all-time high of $4.41, achieved earlier in the year, contrasts starkly with current levels, highlighting the extent of the downturn.

In summary, the current technical indicators and price action suggest that STRK is positioned in a bearish market. Therefore, the rating for Starknet (STRK) is a Sell, as there are no immediate signs of a reversal, and further declines may be expected in the near term.