Worldcoin (WLD) is currently trading at $0.3451, reflecting a significant 15.56% decline over the past 24 hours. The daily trading range has been between $0.3180 and $0.4110, indicating heightened volatility with a volume of approximately 234.99 million, which represents 24.36% of its market cap.

Technical indicators show bearish momentum, with all moving averages displaying negative percentages relative to current prices. The 1-hour RSI is critically low at 9, signaling oversold conditions, while the 7-day RSI at 38 suggests continued selling pressure but not yet at extreme levels.

From a fundamental perspective, WLD has experienced a staggering 44.66% decline over the past 30 days, with its recent all-time high of $11.74 achieved in March 2024 now a distant memory. The significant downturn reflects market sentiment that may be reacting to broader macroeconomic factors or specific issues related to the project.

Given the current price action, extreme oversold conditions, and high volatility, a short-term trading bounce may be possible. However, the prevailing downward trend suggests that caution is warranted, particularly for long-term positions given the lack of bullish reversal signals.

In conclusion, I rate Worldcoin (WLD) as a Sell at this time. The substantial price decline, poor technical indicators, and lack of positive fundamental news create a riskier environment for potential buyers.