Worldcoin (WLD) is currently priced at $0.479642, reflecting a 24-hour decline of 4.23%. The trading range for the day has been between $0.466112 and $0.501593, indicating a relatively low volatility with a daily range of approximately 3.54%.

The trading volume stands at approximately 97.9 million, which represents 7.42% of its market capitalization, suggesting moderate market activity. The short-term moving averages reveal a bearish sentiment, with the 8 SMA at $0.4709 showing a slight upward trend while the 55 SMA at $0.4968 indicates a more substantial downward trend over a longer period.

The relative strength index (RSI) is currently at 41 on an hourly basis and at 38 over seven days, both of which indicate a lack of bullish momentum. Additionally, the price has decreased by over 22% in the past week and nearly 23% over the past 14 days, reflecting significant bearish pressure.

WLD's all-time high was $11.74, which highlights a substantial potential downside from its current price level. The drastic decline from its peak underscores the volatility inherent in this asset and indicates that current market sentiment is heavily negative.

Given the technical indicators, including the declining moving averages and the low RSI values, the outlook for WLD remains bearish. As a result, the recommendation is to Hold, as potential buyers may want to wait for more favorable price action and stronger bullish signals before entering a position.