Worldcoin (WLD) is currently priced at $0.559055, reflecting a significant 12.07% decline over the past 24 hours. The daily trading range has been tight, with a low of $0.558552 and a high of $0.643155, indicating bearish momentum as the price nears the lower end of this range.

The trading volume stands at approximately $127.84 million, corresponding to 9.66% of its market cap, suggesting moderate trading activity amidst the price drop. Technical indicators show a stark divergence; the 1-hour RSI is at a critically low 7, while the 7-day RSI is at 43, indicating potential oversold conditions in the short term but a lack of bullish momentum in the medium term.

Short-term moving averages are also in a bearish alignment; the 8 SMA is at $0.5766, down 3.05%, and the 13 SMA at $0.5857 is down 4.55%. Further, the 21 and 55 SMAs are declining at rates of 7.51% and 10.28%, respectively, indicating a consistent downtrend as the price continues to drift away from these averages.

The longer-term price changes present a concerning picture, with the 30-day price change reflecting a significant drop of 36.20%. Additionally, the all-time high of $11.74 reached in March 2024 underscores the volatility and the potential for recovery, but the current market sentiment leans heavily toward selling pressure.

Given the current bearish sentiment, low RSI values, and sustained downtrend in moving averages, a cautious approach is warranted. Therefore, the rating for Worldcoin (WLD) is a Sell, as the immediate outlook shows continued weakness, and potential buyers should wait for clearer signs of a trend reversal.