Worldcoin (WLD) is currently priced at $0.482603, reflecting a 4.34% increase over the last 24 hours. The price has fluctuated between a daily high of $0.638838 and a low of $0.45548, indicating significant volatility with a daily range of 0.183358%.

The trading volume stands at approximately $718.94 million, which constitutes 53.76% of the market cap, suggesting a strong liquidity position. However, the hourly moving averages reveal a bearish trend, with the 8 SMA at $0.5087 down 5.14% and the 13 SMA at $0.5334 down 9.53%, indicating downward pressure in the short term.

The 1-hour Relative Strength Index (RSI) is at 37, signaling that WLD is approaching oversold territory, while the 7-day RSI at 51 suggests a neutral stance. Over the past week, the price has seen a positive change of approximately 0.93%, but this is overshadowed by a significant decline of nearly 17.95% over the last 14 days and a slight decrease of 2.82% over the past 30 days.

Considering the all-time high of $11.74 reached on March 10, 2024, the current price reflects a dramatic contraction in value. While the recent upward movement may attract short-term traders, the overall trend and technical indicators suggest caution.

In summary, the current bearish trends, highlighted by declining moving averages and the overall price performance over the last two weeks, warrant a Sell rating. Traders should consider exiting positions or waiting for clearer bullish signals before re-entering the market.