Worldcoin (WLD) is currently priced at $0.4493, reflecting a 24-hour decline of 3.45%. The daily trading range has been relatively narrow, oscillating between a low of $0.4343 and a high of $0.4726, indicating some volatility but also a lack of strong directional movement.

Volume over the past 24 hours has reached approximately 82.7 million, which represents 6.67% of the market cap. This volume suggests moderate trading activity, yet the negative price momentum indicates a potential lack of buyer confidence in the short term.

The moving averages illustrate a bearish trend; the 8-period SMA is at $0.4427 with a slight uptick, while the 13 SMA is declining at $0.4519. Longer-term SMAs such as the 21 and 55 SMAs are showing more significant downward pressure, which could signal further weakness in the price action.

The relative strength index (RSI) is currently at 30 on the hourly chart, indicating oversold conditions, while the 7-day RSI stands at 43, suggesting that the asset may be nearing a short-term bottom. However, the 14-day and 30-day RSI metrics show deeper bearish trends, pointing to sustained selling pressure over the longer term.

Worldcoin's price performance over the past week has dropped by over 8%, and it has decreased approximately 23.2% over the last two weeks. This ongoing downtrend, alongside its substantial distance from the all-time high of $11.74, raises concerns about the asset's current market viability and investor sentiment.

Given the current technical indicators, including the bearish moving averages, low RSI readings, and overall price trend, the outlook for WLD remains negative. Therefore, a Sell rating is recommended due to the lack of bullish momentum and continued price declines, suggesting potential further losses in the near term.