Worldcoin (WLD) is currently trading at $0.406775, experiencing a significant 24-hour change of 16.46%. The price has tested a daily high of $0.41353 and a low of $0.31803, indicating high volatility and a daily range of 0.0955%.

The trading volume stands at 300,222,167, reflecting a healthy Vol/Market Cap ratio of 26.31%. This suggests strong trading activity relative to its market capitalization, indicating investor interest and potential liquidity in the market.

Moving averages indicate bullish momentum, with the 8 SMA at $0.3906 (+4.13%) and the 13 SMA at $0.3759 (+8.23%). However, the 1-hour RSI at 84 signals an overbought condition, while the 7-day RSI at 50 suggests that the asset is neither overbought nor oversold in the longer term.

Over the past week, WLD has declined by 15.05%, and over the past 14 days and 30 days, the declines are 13.57% and 32.02%, respectively. This indicates a bearish trend in the medium to long term, counteracting the recent bullish momentum observed in the last 24 hours.

Despite the recent surge, the all-time high of $11.74, reached on March 10, 2024, indicates a significant distance from the current price. This disparity may entice speculative interest but also highlights the potential for correction.

Given the current overbought condition indicated by the 1-hour RSI and the recent downtrend over the past month, a cautious approach is warranted. While the short-term momentum appears positive, the longer-term bearish trend and current price levels suggest maintaining a Hold rating for WLD, allowing investors to reassess after the market stabilizes.