Starknet (STRK) is currently trading at $0.078734, showing a 24-hour decline of 2.84%. The price has fluctuated between $0.078579 and $0.08377 within this timeframe, indicating a daily range of approximately 0.5%.

Trading volume stands at 45,124,844, representing 11.03% of the market cap, suggesting moderate trading activity. However, the recent performance shows a 7-day price change of -6.75% and a more significant decline of -16.73% over the past 14 days, indicating bearish sentiment.

Technical indicators reveal that short-term moving averages (8 SMA at $0.0800, 13 SMA at $0.0806) are all below the current price, suggesting a downward trend. The 1-hour RSI is at 28, indicating oversold conditions, while the 7-day RSI at 41 further emphasizes weakening momentum.

The current price is significantly below its all-time high of $4.41 reached in February 2024, suggesting that STRK has considerable downside from its peak. The combination of negative price momentum, oversold indicators, and recent volatility points to potential weakness in the short term.

Given the current price action, ongoing downtrends, and negative RSI readings, a cautious approach is warranted. The recommendation is to Hold STRK until clearer bullish signals or reversal patterns emerge, as the current market sentiment suggests further downside risk.