Starknet (STRK) is currently trading at $0.116512, reflecting a significant decline of 5.55% over the last 24 hours. The daily trading range has been relatively narrow, between a high of $0.123356 and a low of $0.115328, indicating a subdued market activity with a 24-hour trading volume of approximately $65.9 million.

Technical indicators show bearish momentum, with the 1-hour RSI at 30, suggesting oversold conditions, while the 7-day RSI is at 42, indicating a lack of bullish strength. Moving averages also paint a negative picture, as all key SMAs (8, 13, 21, 55, and 144) are declining, particularly the 55 SMA at $0.1235, which is down 5.66%.

Fundamentally, STRK has seen a steep price decline of approximately 19.72% over the past week and a staggering 53.25% over the last 14 days. Despite a minor recovery of 14.50% over the last 30 days, the overall trend remains bearish with current price action failing to reclaim higher levels.

Given the recent performance and current indicators, STRK is at a critical juncture. The persistent selling pressure and weak RSI readings suggest that a further decline could be imminent unless a strong reversal occurs soon.

In conclusion, I recommend a Sell rating for Starknet (STRK) based on the prevailing negative trend, lack of momentum, and bearish technical indicators. The current price action does not indicate a favorable entry point for buyers, suggesting that capital preservation should be prioritized in this market environment.