Worldcoin (WLD) is currently priced at $0.603031, reflecting a 24-hour decline of 2.27%. The daily trading range has been between $0.573522 and $0.619332, indicating a moderate level of volatility with a range of approximately 7.9%.

The trading volume stands at 149,113,350, equating to a volume-to-market cap ratio of 10.57%, which signifies healthy trading activity relative to its market capitalization. The hourly moving averages indicate a bullish short-term trend with the 8 SMA at $0.5928 (+1.72%) and 13 SMA at $0.5960 (+1.18%), while longer-term averages like the 55 SMA and 144 SMA are showing bearish trends, indicating potential resistance around $0.6326 and $0.6555.

The 1-hour RSI at 65 suggests that WLD is approaching overbought territory, indicating potential short-term selling pressure. However, the 7-day RSI at 46 signals that the asset is near neutral, suggesting it is not yet oversold, with a 7-day price drop of nearly 14%.

Over the last 14 days, WLD has declined by 24.73%, and the 30-day price change reveals a substantial drop of nearly 30%. This downtrend suggests that bearish sentiment is prevalent, particularly given the significant distance from its all-time high of $11.74 reached in March 2024.

Given the mixed signals from short-term bullish indicators and longer-term bearish trends, along with substantial recent declines, the recommendation is to Hold. This strategy allows investors to reassess market conditions while monitoring for a potential reversal or further deterioration in price.