Worldcoin (WLD) is currently priced at $0.577937, experiencing a significant 24-hour decline of 6.16%. The price has fluctuated between a high of $0.619214 and a low of $0.565028, indicating a daily range of 9.09% which reflects heightened volatility in the market.

The trading volume stands at 111,385,340, with a volume-to-market cap ratio of 8.08%, suggesting that while trading activity is relatively robust, it is not yet creating sufficient upward pressure on the price. Short-term moving averages reveal bearish trends, with the 8-period SMA at $0.5719 showing a 1.06% increase, while longer-term SMAs like the 55 SMA and 144 SMA indicate declines of 6.48% and 5.51%, respectively.

The 1-hour Relative Strength Index (RSI) is at 30, indicating oversold conditions, while the 7-day RSI is at 45, suggesting that WLD is approaching neutral territory but remains under pressure. Over the past week, the asset has declined by 10.90%, and the 30-day change shows a drop of over 21%, indicating a sustained bearish trend.

Fundamentally, the all-time high of $11.74 reached in March 2024 is a stark contrast to the current price, suggesting significant market correction since then. The persistent downward pressure and lack of recovery signals may deter short-term investors from entering the market.

Given the current technical indicators, including low RSI values, declining moving averages, and significant price retracement from recent highs, the outlook for Worldcoin appears bearish. Therefore, the recommendation is to Hold, as further declines may present a more attractive entry point for long-term accumulation.