Worldcoin (WLD) is currently priced at $1.14, having experienced a notable decline of 6.09% over the past 24 hours. The daily trading range has been narrow, oscillating between a high of $1.22 and a low of $1.14, reflecting a lack of volatility and market interest.

The trading volume stands at approximately 165.4 million, representing 9.25% of the market cap, which suggests a moderate level of liquidity but may indicate waning investor confidence given the recent price movement. The hourly moving averages (8, 13, 21, 55, and 144 SMA) are all trending downward, with the 8 SMA at $1.16 showing a decline of 1.80%, indicating bearish momentum in the short term.

The Relative Strength Index (RSI) on the hourly chart is at 26, which indicates that WLD is oversold, potentially positioning it for a short-term correction. However, the 7-day RSI of 43 suggests that the asset remains in a bearish trend but is not yet oversold, meaning there could be more downside potential before a reversal occurs.

Over the past week, WLD has dropped approximately 12.96%, which reflects ongoing selling pressure. In contrast, the 30-day price change shows an increase of 31.50%, indicating that there was significant bullish sentiment in the previous month, but this appears to be waning.

The all-time high of $11.74 reached earlier this year underscores the substantial retracement WLD has experienced. Given the current technical indicators, bearish momentum, and the recent significant price drop, a cautious approach is warranted.

Based on this analysis, the recommendation for Worldcoin (WLD) is to Hold. The asset is currently oversold in the short term, yet the broader bearish trend and recent declines suggest that entering a position now may not be prudent until a clearer reversal signal emerges.