Starknet (STRK) is currently priced at $0.119592, reflecting a 24-hour decline of 4.93%. The daily trading range has been between $0.113949 and $0.1258, indicating volatility, with significant volume of approximately 153.92 million, accounting for 26.82% of its market cap.

Technical indicators show mixed signals, with the 1-hour RSI at 68 suggesting that the asset may be overbought in the short term. However, the 7-day RSI at 44 indicates it is approaching oversold conditions, reflecting weakness over the past week, during which the price has decreased by 16.85%.

Moving averages reveal a bearish trend for longer periods, particularly the 55 SMA at $0.1281 and the 144 SMA at $0.1381, which are down 6.67% and 13.37%, respectively. The short-term averages are slightly bullish, with the 8 SMA and 13 SMA both showing marginal gains, but they have not yet overcome the significant resistance levels indicated by longer-term averages.

Fundamentally, STRK's all-time high stands at $4.41, reached in February 2024, highlighting a substantial potential upside from current levels. However, the ongoing price action suggests a correction phase, as indicated by the negative price changes over the past 14 days and the reduced momentum in daily trading.

Given the current data, STRK is in a corrective phase with short-term overbought signals and longer-term bearish momentum. Therefore, I recommend a Hold rating, as investors should monitor for signs of stabilization or a potential reversal before considering new positions or additions.