Worldcoin (WLD) is currently trading at $0.389793, reflecting a 0.49865% increase over the past 24 hours. The price has seen a daily range of $0.010518, with a high of $0.398057 and a low of $0.387539, indicating relatively low volatility in the short term.

Trading volume stands at approximately $47.19 million, which corresponds to 4.24% of its market capitalization. This volume level suggests moderate interest from traders, but it is below the threshold often associated with strong upward momentum.

The hourly moving averages indicate a bearish trend, with the 8 SMA at $0.3926 and the 13 SMA at $0.3931 both showing slight declines. However, the 55 SMA at $0.3838 shows a positive movement of 1.55%, indicating potential support at this level.

The 1-hour RSI is currently at 42, suggesting that WLD is nearing the oversold territory, while the 7-day RSI at 48 indicates a neutral position. The 7-day and 14-day price changes are negative at -9.41% and -2.26%, respectively, indicating a bearish trend over the short to medium term.

Over the past 30 days, WLD has seen a substantial decline of approximately 17.30%. The significant drop from its all-time high of $11.74 recorded on March 10, 2024, suggests that the asset is currently undervalued relative to its historical peaks.

Given the current price action, moving averages, and RSI indicators, the market sentiment appears to lean bearish, though the oversold conditions may indicate a potential reversal. However, given the recent performance and current price levels, a cautious approach is warranted.

Rating: Hold. The bearish trend and negative momentum indicate that further downside is possible; however, the oversold conditions may present a short-term opportunity for recovery if support levels hold.