Worldcoin (WLD) is currently trading at $0.365732, reflecting a 24-hour decline of 3.65%. The asset has experienced a daily high of $0.381913 and a low of $0.362789, indicating a narrow trading range of approximately 0.019124%, which suggests limited volatility in the short term.

The trading volume stands at 82,517,691, representing 7.99% of the market cap, indicating healthy liquidity but also a potential for increased volatility if market sentiment shifts. Moving averages show a consistent downtrend, with the 8 SMA at $0.3673 down 0.44%, while the longer-term averages are all declining, signaling bearish momentum across multiple time frames.

The 1-hour Relative Strength Index (RSI) is at 25, indicating that WLD is in oversold territory and may be due for a short-term rebound. However, the 7-day RSI at 49 suggests a more neutral outlook, while the 14-day and 30-day price changes show significant declines of 20.47% and 35.22%, respectively, reflecting ongoing bearish pressure over a longer period.

With the all-time high recorded at $11.74 earlier this year, the current price represents a substantial decrease, highlighting the volatility and potential risk associated with WLD. The asset’s performance over the past month and a half indicates a pronounced downtrend, and without significant positive catalysts, the bearish sentiment is likely to persist.

Given the current market conditions, the downtrend in moving averages, and the oversold RSI suggesting potential short-term volatility, the recommendation is to Hold. This rating is based on the potential for a brief recovery against the backdrop of significant long-term bearish trends and the need for further confirmation before considering any buying opportunities.