Worldcoin (WLD) is currently priced at $0.626285, reflecting a 2.24% increase over the past 24 hours. The daily trading range has been relatively tight, with a high of $0.643813 and a low of $0.598062, indicating a volatility percentage of 0.045751%.

The trading volume stands at approximately 127.57 million, translating to a volume-to-market cap ratio of 8.66%. Short-term moving averages (8 SMA at $0.6349 and 13 SMA at $0.6352) indicate a slight bearish trend, while longer-term averages (21 SMA at $0.6236 and 55 SMA at $0.6167) show some positive momentum.

The 1-hour RSI is currently at 60, suggesting near-term bullish sentiment, while the 7-day RSI at 48 indicates neutrality, indicating a lack of strong momentum. Over the last week, WLD has decreased by 6.46%, and it has faced larger declines of 24.07% over the past 14 days and 29.35% over the last 30 days, highlighting significant bearish pressure.

The all-time high for WLD was recorded at $11.74 on March 10, 2024, showcasing the potential for substantial upside if the market conditions improve. However, given the recent price declines and the current position below critical moving averages, the market sentiment remains cautious.

Based on the technical indicators and the current price action, a Hold rating is recommended. The recent slight upward movement and RSI levels suggest potential for a short-term rebound, but the overall trend remains bearish in the longer time frames, necessitating a wait-and-see approach.