Worldcoin (WLD) is currently trading at $0.40599, reflecting a slight increase of 0.9487% over the past 24 hours. The daily price range has been relatively narrow, with a high of $0.411236 and a low of $0.388234, indicating low volatility during this period.

The trading volume stands at approximately 101.68 million, equating to a volume-to-market cap ratio of 9.00%, which suggests decent market activity relative to its capitalization. Moving averages show short-term bullish signals; the 8 SMA, 13 SMA, and 21 SMA are all indicating positive momentum, while the 144 SMA shows a notable decline of 9.02%, suggesting resistance at higher levels.

The 1-hour RSI is at 59, indicating a slightly overbought condition in the short term, whereas the 7-day RSI at 47 suggests a neutral to bearish momentum over the week. The 7-day, 14-day, and 30-day price changes show significant declines of 11.23%, 19.09%, and 30.63%, respectively, reflecting a longer-term bearish trend.

Considering the all-time high of $11.74 reached earlier in 2024, WLD has seen a substantial correction, positioning it significantly lower in price. Given the current market conditions, the short-term indicators suggest a potential for minor upward movement, but the longer-term trends indicate ongoing selling pressure.

Based on this analysis, I recommend a Hold rating for Worldcoin (WLD). While there are short-term bullish signals, the overall bearish trend and significant corrections from all-time highs suggest waiting for clearer bullish momentum before considering a buy.