Worldcoin (WLD) is currently trading at $0.679113, reflecting a 24-hour decline of 3.27%. The daily trading range has been tight, with a high of $0.704367 and a low of $0.676347, indicating limited volatility within the last day.

The volume of 101,278,361 suggests moderate interest, but with a volume-to-market cap ratio of 6.42%, it indicates that trading activity is not significantly influencing price action. Technical indicators show that the hourly moving averages are all below the current price, signaling potential bearish momentum, with the 8 SMA at $0.6985 representing a -2.78% deviation.

The Relative Strength Index (RSI) readings are concerning, with the 1-hour RSI at 40 indicating a potential oversold condition, while the 7-day RSI at 42 reinforces this bearish sentiment. Additionally, the 7-day, 14-day, and 30-day price changes are all negative, showing a sustained downtrend of -16.70%, -18.20%, and -21.56%, respectively.

Given that the all-time high of $11.74 was reached in March 2024, the current price represents a significant retracement, and the asset is currently down over 94% from its peak. This drastic decrease in value, combined with the negative momentum indicated by the RSI and moving averages, suggests that further downside could be possible in the near term.

Based on the current data and analysis, the recommendation for Worldcoin (WLD) is to Sell. The prevailing downtrend, negative price changes over various timeframes, and bearish technical indicators point to a lack of bullish reversal signals in the short term.