Worldcoin (WLD) is currently trading at $0.381718, reflecting a 24-hour decline of 2.73%. The price action has been constrained, with a daily range between $0.380787 and $0.398057, indicating limited volatility in the market.

The trading volume stands at approximately $45.4 million, contributing to a volume-to-market cap ratio of 4.16%. This suggests a moderate level of trading activity, but the recent price decline raises concerns about buyer strength and market sentiment.

Technical indicators show that the 1-hour RSI is at a low 17, indicating potential oversold conditions. In contrast, the 7-day RSI of 46 suggests that the asset is approaching neutral territory, but it has experienced a significant price drop of over 10% in the last week.

Moving averages reveal a bearish trend, with all short-term SMAs (8, 13, 21) showing declines between 1.93% and 2.58%. The longer-term 55 SMA is slightly better at -1.03%, indicating that even the longer-term trend is still under pressure.

Fundamentally, WLD remains far from its all-time high of $11.74, achieved in March 2024, suggesting a substantial depreciation in value. This long-term decline, coupled with recent price weakness, raises questions about the asset's current viability.

Given the ongoing bearish indicators, low RSI readings, and lack of momentum in trading, a cautious approach is warranted. Therefore, the rating for Worldcoin (WLD) is a Sell, as the technical and fundamental data collectively indicate further downside potential in the near term.