Worldcoin (WLD) is currently priced at $0.494595, experiencing a significant decline of 8.59% over the last 24 hours. The daily trading range shows a high of $0.5453 and a low of $0.482239, indicating increased volatility in the market.

The trading volume for WLD stands at 157,053,975, reflecting a volume-to-market cap ratio of 11.59%, which suggests a relatively active trading environment. The hourly moving averages indicate a bearish trend, with the 21 SMA at $0.5116 and the 55 SMA at $0.5356 showing declines of 3.32% and 7.65%, respectively, signaling resistance levels above the current price.

The 1-hour RSI is at a critically low level of 17, indicating potential oversold conditions, while the 7-day RSI at 38 suggests weak momentum. Additionally, the price has experienced a downward trend over various time frames, with a 7-day change of -12.40% and a 14-day change of -16.45%, further confirming negative sentiment.

Given the all-time high of $11.74 reached on March 10, 2024, the current price represents a significant retracement, which could attract buyers looking for undervalued positions. However, the persistent downtrend and low RSI values suggest that further downside risk remains in the short term.

Based on this analysis, I recommend a Hold rating for Worldcoin (WLD). The oversold conditions may present a buying opportunity if the price stabilizes, but the current bearish indicators and significant recent losses warrant caution before entering new positions.