Wormhole (W) is currently priced at $0.081952, experiencing a 24-hour decline of 2.91%. The daily trading range has been relatively narrow, with a high of $0.084789 and a low of $0.080424, indicating low volatility in the short term.

The volume of 26,658,315 reflects a volume-to-market cap ratio of 7.05%, suggesting moderate trading activity relative to its market capitalization. The moving averages show a bearish trend, particularly the 8 SMA at $0.0823 and the 13 SMA at $0.0824, both indicating slight downward movement.

The 1-hour RSI stands at 46, which is close to neutral but trending towards oversold territory. The 7-day RSI at 41 confirms bearish momentum, with the asset down approximately 17.75% over the last week and 16.45% over the past two weeks.

Despite a slight positive trend over the last 30 days, with a price increase of about 6.00%, the prevailing short-term indicators suggest a lack of upward momentum. The all-time high of $1.66, reached on April 3, 2024, reflects significant potential, yet the current price indicates that the asset is far from those levels.

Given the overall bearish sentiment and technical indicators pointing to potential further declines, the recommendation is to Hold. While the price is above the recent lows, the lack of bullish signals and declining RSI values suggest waiting for clearer signs of reversal or strength before considering a Buy.