Worldcoin (WLD) is currently trading at $0.471736, reflecting a 24-hour decline of 1.53%. The price has oscillated between $0.459834 and $0.482921 in the last day, indicating a daily range of 0.023087%, with a trading volume of approximately $66.5 million, translating to a 5.11% market cap ratio.

The moving averages present a mixed outlook, with the 8 SMA at $0.4693 showing a slight bullish trend (+0.52%) while the 55 SMA at $0.4751 is trending negatively (-0.70%). The longer-term 144 SMA, at $0.4897, reflects a significant bearish momentum (-3.67%), suggesting potential resistance levels above the current price.

The relative strength index (RSI) metrics indicate a neutral short-term sentiment with a 1-hour RSI at 50, while the 7-day RSI at 42 signals oversold conditions. Additionally, the 7-day price change of -14.91% and a 14-day decline of -17.46% highlight an ongoing bearish trend that warrants caution.

Given the substantial difference between the current price and the all-time high of $11.74, WLD appears to be trading at a significant discount, but the persistent downward pressure in the short to medium term is concerning. The overall trend analysis combined with the recent RSI readings suggests that a reversal may not occur immediately, despite potential long-term upside.

Considering the current technical indicators and market sentiment, I recommend a Hold rating on Worldcoin (WLD). Investors should monitor for signs of stabilization or reversal before considering an entry point, especially in light of the significant recent declines and resistance levels above the current price.