Worldcoin (WLD) is currently trading at $0.387014, showing a 24-hour decline of 4.58%. The price has fluctuated between a high of $0.408822 and a low of $0.384826 over the past day, indicating a tight trading range of approximately 2.34%.

The volume of 56,608,913 reflects a Vol/Market Cap ratio of 5.08%, suggesting a moderate level of trading activity relative to its market capitalization. The hourly moving averages indicate a bearish trend, with the 8 SMA at $0.3898 down by 0.70% and the 21 SMA at $0.3974 down by 2.62%, indicating consistent downward pressure.

The 1-hour RSI is at 27, indicating that the asset is currently oversold in the short term, which could suggest a potential reversal or bounce-back opportunity. In contrast, the 7-day RSI stands at 51, suggesting that the asset is neither overbought nor oversold on a longer timeframe.

Over the past week, WLD has seen a price change of -1.66%, while the 14-day and 30-day changes are -3.97% and -26.80%, respectively, indicating a significant bearish trend in the medium to long term. With the all-time high of $11.74 achieved on March 10, 2024, the current price represents a massive drawdown, highlighting the asset's volatility and potential for recovery.

Given the current oversold conditions indicated by the short-term RSI, there may be a short-term opportunity for a bounce; however, the longer-term trends remain bearish with continuous price declines. Based on the technical indicators, including the moving averages and the broader price changes, I recommend a Hold rating for WLD at this time, as caution is warranted amid the prevailing downtrend, while monitoring for potential bullish signals in the near future.