Worldcoin (WLD) is currently priced at $0.586559, reflecting a significant 24-hour decline of 10.09%. The price has fluctuated between a high of $0.676147 and a low of $0.582637 during this period, indicating a daily range of 0.09351%.

The trading volume stands at 230,285,477, which corresponds to a relatively high volume-to-market cap ratio of 16.79%. This suggests active trading, but the negative price momentum is concerning, as shown by the hourly moving averages, which are all trending downward, with the 8 SMA at $0.6020 and the 55 SMA at $0.6548, reflecting losses of 2.56% and 10.42%, respectively.

The current 1-hour RSI is at 27, indicating that WLD is in oversold territory, while the 7-day RSI at 44 suggests a weakening momentum without reaching overbought conditions. The price changes over the past 7 days, 14 days, and 30 days are all negative, at -17.41%, -30.91%, and -31.50%, respectively, which further highlights the bearish trend.

Given the all-time high of $11.74 reached on March 10, 2024, the current price represents a substantial drawdown, indicating that WLD has not only lost significant value but may also be facing strong resistance levels. The lack of bullish indicators combined with the negative price action and momentum suggests that the market sentiment is currently bearish.

Based on this analysis, I recommend a Sell rating for Worldcoin (WLD). The combination of strong downward momentum, oversold conditions, and ongoing negative price trends indicates that holding or accumulating positions could lead to further losses in the near term.