Worldcoin (WLD) is currently priced at $0.591006, reflecting a 24-hour decrease of 3.11%. The daily price range has been relatively narrow, fluctuating between a high of $0.619249 and a low of $0.577611, indicating subdued volatility in the short term.

The trading volume stands at approximately 118.6 million, with a volume-to-market cap ratio of 7.34%, suggesting moderate trading activity compared to its overall market capitalization. The hourly moving averages show mixed signals, with the 8 SMA slightly bullish at $0.5901, while the longer-term SMAs (13, 21, and 55) are bearish, indicating a potential downtrend.

The 1-hour Relative Strength Index (RSI) is at 32, indicating that WLD may be oversold in the very short term, while the 7-day RSI is neutral at 51, suggesting a balance between buyers and sellers. Over the past week, WLD has experienced a price increase of 1.89%, and over the last 14 and 30 days, the price changes are notably positive at 21.62% and 12.50%, respectively.

Despite the recent pullback, WLD remains significantly below its all-time high of $11.74, which was reached in March 2024. The strong upward momentum over the past two weeks suggests that there is potential for recovery, though the current downtrend must be addressed.

Given the mixed indicators from moving averages and RSI readings, WLD appears to be in a consolidation phase. The recent price declines indicate a cautious approach is warranted, with potential for recovery if buying pressure builds.

Rating: Hold. While recent price trends are encouraging, the immediate bearish signals and mixed technical indicators suggest that entering a position now may not be advantageous until clearer bullish momentum is established.