Worldcoin (WLD) is currently priced at $0.580984, showing a 24-hour decline of approximately 5.99%. The daily trading range is tight, with a high of $0.621418 and a low of $0.580562, reflecting a market struggling to maintain upward momentum.

The trading volume stands at 106,225,576, translating to a volume-to-market cap ratio of 6.76%, indicating moderate liquidity. Short-term moving averages suggest bearish sentiment, with the 8 SMA at $0.5936 and the 13 SMA at $0.5947 both indicating negative percentages, reinforcing the downward trend.

The 1-hour RSI is notably low at 25, suggesting the asset is oversold in the short term, while the 7-day RSI at 54 indicates a neutral stance. The 7-day price change of 20.05% shows some recent recovery, but the 30-day change of -2.45% points to overall weakness in the mid-term.

Worldcoin's all-time high remains significantly distant at $11.74, reached earlier in March 2024, implying substantial room for growth if bullish sentiment returns. However, the current price action and moving averages reflect that sellers are currently in control.

Given the oversold condition indicated by the 1-hour RSI, there may be short-term buying opportunities, but the overall trend remains bearish with lower moving averages and recent declines. Therefore, the recommendation is to Hold at this stage, monitoring for potential bullish signals before making any further commitments.