Starknet (STRK) is currently priced at $0.111356, reflecting a significant 24-hour decline of 6.89%. The price has oscillated between $0.108213 and $0.121354 in the past day, indicating a relatively tight daily range of approximately 1.18%, which often suggests low volatility in the market.

The trading volume stands at 66,850,259, representing 12.50% of the market cap, indicating a healthy level of trading activity relative to its overall market size. However, the hourly moving averages show a bearish trend, with the 8 SMA at $0.1141 down 2.42%, and the longer-term SMAs reflecting even steeper declines, suggesting a lack of upward momentum in the short to medium term.

The 1-hour RSI is alarmingly low at 19, indicating that STRK is significantly oversold in the short term. Meanwhile, the 7-day RSI sits at 40, signaling that the asset is nearing oversold territory, but it is not yet a strong buy signal.

Over the past week, STRK has seen a price drop of approximately 21.20%, while the 14-day price change is more pronounced at -45.22%, indicating a strong downward trend. Conversely, the 30-day price change has shown slight resilience with an increase of 1.84%, suggesting some potential for recovery if the broader market conditions stabilize.

Given that the all-time high for STRK was $4.41 in February 2024, the current price reflects a substantial decline from that peak. This prolonged downtrend, coupled with the low RSI readings and bearish moving averages, indicates that STRK is currently facing considerable selling pressure.

In summary, based on the technical indicators, STRK is in a bearish phase with limited upside potential in the short term. Therefore, I recommend a Sell rating, as the current price action and market sentiment suggest further downside risk before any potential recovery can be realized.