Worldcoin (WLD) is currently trading at $0.637374, reflecting a 24-hour decline of 3.06%. The daily trading range has been tight, with a low of $0.636287 and a high of $0.662562, indicating a cautious market sentiment.

The trading volume stands at approximately $89.6 million, which represents 5.93% of the market capitalization. This relatively low volume, combined with a downward price trend, suggests that the selling pressure is outweighing buyer interest at this time.

Technical indicators reveal a bearish short-term outlook, with the 8, 13, and 21-period Simple Moving Averages (SMAs) all showing negative changes. The 1-hour RSI is at 36, indicating that WLD is approaching oversold conditions, while the 7-day RSI sits at a neutral 52, suggesting a lack of momentum in either direction.

In terms of price trends, WLD has experienced a significant decline over the past 30 days, down 20.57%. However, the 7-day price change indicates a slight recovery of 7.58%, which may provide some support for a potential short-term rebound.

The all-time high for WLD was $11.74, achieved in March 2024, which highlights the vast potential upside if current price levels can be stabilized. Nevertheless, the recent performance and technical indicators suggest that WLD remains vulnerable to further declines in the near term.

Given the current price action, volume dynamics, and technical analysis, the recommendation is to hold WLD. The market sentiment is bearish, but the potential for a short-term bounce exists, making it prudent to wait for clearer signals before making any buy or sell decisions.