Worldcoin (WLD) is currently priced at $0.488865, experiencing a significant 24-hour decline of 10.18%. The daily trading range has been relatively narrow, fluctuating between a high of $0.54741 and a low of $0.482239, indicating volatility as sellers dominate the market.

The volume of 139,585,660 with a volume-to-market cap ratio of 10.43% suggests a healthy trading activity but not enough to prevent the steep price drop. Moving averages reveal a bearish trend across all timeframes, with the 8 SMA at $0.5388 showing a decline of 9.26% and the 144 SMA at $0.5710 down 14.39%, highlighting sustained selling pressure.

Technical indicators paint a concerning picture, with the 1-hour RSI at an extremely low level of 16, suggesting oversold conditions. However, the 7-day RSI at 43 indicates potential stabilization, though the momentum remains weak as evidenced by a 7-day price change of -13.95% and a 14-day change of -19.62%.

Fundamentally, Worldcoin's all-time high of $11.74 remains a distant memory, with the current price reflecting a significant downturn from its peak. The market sentiment appears negative, driven by recent price action and a lack of bullish catalysts.

Given the technical indicators, bearish moving averages, and overall market sentiment, a Sell rating is warranted. The risk of further downside is high, and investors should consider exiting their positions until a reversal pattern or bullish signals emerge.