Worldcoin (WLD) is currently trading at $0.392911, reflecting a significant 24-hour decline of 6.31%. The price has tested a daily range between $0.390907 and $0.434084, indicating increased volatility and a bearish sentiment in the short term.

The trading volume stands at approximately 117 million, corresponding to a volume-to-market cap ratio of 10.38%. Short-term moving averages show bearish pressure, with the 8 SMA at $0.4081 and the 13 SMA at $0.4094, both indicating downward trends of 3.73% and 4.04%, respectively.

The hourly RSI is critically low at 15, suggesting the asset is significantly oversold, while the 7-day RSI sits at a neutral 50, indicating a lack of momentum. Over the past week, WLD has managed a positive price change of 6.38%, but its longer-term performance is concerning, with a 30-day decline of 15.44%.

Despite its all-time high of $11.74 reached in March 2024, current market dynamics highlight substantial downward pressure. Investors should be cautious, as the 144 SMA at $0.3874 shows a slight upward trend of 1.41%, indicating potential short-term support.

In conclusion, while the oversold conditions and low RSI suggest a possible rebound, the prevailing trend remains bearish with significant resistance levels ahead. Given the technical indicators and current market sentiment, a Hold rating is advised, allowing for potential stabilization and recovery without overexposing to further downside risk.