Worldcoin (WLD) is currently trading at $0.503542, reflecting a significant 24-hour decline of 7.34%. The daily trading range has been relatively tight, with a high of $0.544034 and a low of $0.482239, indicating potential volatility within a narrow band.

The volume over the past 24 hours stands at approximately 162.77 million, which translates to a volume-to-market cap ratio of 11.76%. This volume suggests a moderate level of trading activity, but the notable price drop indicates selling pressure, as reflected in the bearish sentiment.

The short-term moving averages display mixed signals; the 8 SMA and 13 SMA indicate slight bullish momentum with increases of 1.47% and 1.89%, respectively. However, the 21 SMA and longer moving averages (55 SMA and 144 SMA) show bearish trends, with declines of 5.04% and 10.36%, suggesting potential weakness in the market.

The Relative Strength Index (RSI) indicates differing market conditions across time frames. The 1-hour RSI is at 70, signaling overbought conditions in the very short term, while the 7-day RSI is at 40, which suggests a lack of bullish momentum and potential for further downside in the medium term.

Worldcoin has experienced considerable price declines over longer periods, with 7-day, 14-day, and 30-day changes at -9.95%, -20.18%, and -3.47%, respectively. The proximity of the current price to the all-time high of $11.74 further emphasizes the dramatic decline, which could deter investors from entering at this time.

Considering the bearish technical indicators, high selling pressure, and negative price momentum across multiple time frames, a Sell rating is warranted. Investors should look for signs of stabilization or a more favorable entry point before considering re-engagement with WLD.