Worldcoin (WLD) is currently trading at $1.036, reflecting a 5.51% decrease over the past 24 hours. The price has fluctuated between $1.024 and $1.1 during this period, indicating a relatively narrow daily range of 0.076%.

The trading volume stands at approximately $389.9 million, translating to a volume/market cap ratio of 21.81%, which suggests active trading interest. However, the short-term moving averages indicate bearish momentum, with the 8 SMA at $1.04 down 0.53% and the 13 SMA at $1.06 down 2.29%, while the longer-term 55 SMA at $1.02 shows a slight positive trend of 1.88%.

The 1-hour RSI is at 37, indicating that WLD is approaching oversold conditions in the short term, which may suggest a potential for a rebound. Conversely, the 7-day RSI at 59 suggests that the asset is nearing overbought territory, reflecting a more positive sentiment in the medium term despite the recent price drop.

Over the last week, WLD has gained approximately 17.57%, while the 14-day price change is a robust 17.87%. However, the 30-day price change of -5.92% indicates that the price has experienced volatility and corrective movements recently, which may lead to a cautious approach from investors.

Historically, WLD reached an all-time high of $11.74 on March 10, 2024, which establishes a significant gap between the current price and prior highs, suggesting room for growth. Nevertheless, the current price action combined with the prevailing bearish short-term trends necessitates careful consideration for trading decisions.

Given the mixed signals from both the short-term and long-term indicators, the recommendation is to hold WLD at this time. This strategy allows for potential stabilization in price and reassessment as the market dynamics evolve, particularly in light of the recent volatility and RSI indications.