Worldcoin (WLD) is currently priced at $0.711783, reflecting a significant 24-hour decline of 9.74%. The asset has experienced a daily trading range between a low of $0.700574 and a high of $0.78917, indicating increased volatility amid the price drop.

Trading volume for the past 24 hours stands at approximately $251.79 million, with a volume-to-market cap ratio of 15.58%. This volume suggests active market participation, though the downward price movement raises concerns about selling pressure overpowering buying interest.

The short-term moving averages are indicating a bearish trend, with the 8 SMA at $0.7138 reflecting a slight decline of 0.28% and the 13 SMA showing a decrease of 1.18%. More significantly, the 55 SMA is down 9.28%, suggesting that the momentum is strongly against the bulls in the near term.

The Relative Strength Index (RSI) for both the 1-hour (39) and the 7-day (42) indicates that WLD is nearing oversold conditions, which could lead to a potential rebound if buying interest returns. However, the price changes over 7 days (-20.92%), 14 days (-20.34%), and 30 days (-44.62%) indicate a sustained bearish trend that may continue unless there are significant changes in market sentiment or external catalysts.

Given the all-time high of $11.74, the current price represents a drastic decline, and while there may be potential for recovery, the immediate technical indicators do not support a bullish outlook. Therefore, the recommendation is to Hold at this time, as the market shows signs of weakness and further downside risk, necessitating a cautious approach before considering new positions.