Worldcoin (WLD) is currently trading at $0.58216, reflecting a significant drop of 7.69% over the past 24 hours. The price range for the day has been between $0.581088 and $0.643155, indicating increased volatility and selling pressure as the token approaches its recent low.

Trading volume stands at approximately $95.97 million, which represents 6.96% of its market cap. This volume suggests a moderate interest in trading, but the price decline implies that sellers are dominating the market at this time.

Technical indicators reveal a bearish sentiment; the hourly moving averages are all trending downwards, with the 8 SMA at $0.6351 showing a decline of 8.34%. The 1-hour RSI is significantly low at 23, indicating oversold conditions, while the 7-day RSI at 45 suggests a lack of strong buying momentum.

Over the past week, WLD has declined by approximately 4.43%, with a more pronounced drop of 13.99% over the last 14 days. The 30-day price change is even more concerning, reflecting a decrease of 27.14%, which signals a longer-term bearish trend that traders should be wary of.

The all-time high for Worldcoin remains at $11.74, reached in March 2024, which highlights the token's substantial potential but also its current distance from peak valuation. This stark contrast between the current price and the all-time high indicates a market that is not only correcting but potentially under significant pressure.

Given the current technical indicators, particularly the bearish moving averages and low RSI values, along with the ongoing negative price momentum, a cautious approach is advisable. Therefore, the rating for Worldcoin (WLD) is a Sell, as the market conditions suggest further downside risk in the short to medium term.