Worldcoin (WLD) is currently priced at $0.573411, reflecting a slight decrease of 0.58522% over the past 24 hours. The asset has seen a daily range between $0.557914 and $0.580658, indicating low volatility with a daily range of just 0.022744%.

Trading volume for the past 24 hours stands at 107,516,472 WLD, contributing to a volume-to-market cap ratio of 7.93%. The moving averages present mixed signals: the 8 SMA shows a minor decline of 0.26%, while the 13 and 21 SMAs indicate slight gains, suggesting potential short-term support levels around $0.5700.

The relative strength index (RSI) for the past hour is at 56, indicating neutrality, while the 7-day RSI of 44 suggests a bearish trend that is approaching oversold conditions. The asset has experienced significant price declines over longer periods, with a 7-day change of -8.36%, a 14-day change of -13.52%, and a 30-day change of -33.42%.

Worldcoin's all-time high was recorded at $11.74 on March 10, 2024, which highlights the stark contrast to its current price, emphasizing a considerable downtrend. Technical indicators point to resistance at the 55 SMA ($0.6008) and 144 SMA ($0.6290), both of which are significantly above the current price, indicating potential hurdles for upward movement.

Given the current technical indicators and the prolonged downtrend reflected in the price changes, a cautious approach is warranted. The mixed signals from the moving averages and RSI suggest that while there may be potential for short-term recovery, the overall trend remains bearish.

Recommendation: Hold. The price is stabilizing, but significant resistance levels and a continuing bearish trend indicate that waiting for clearer bullish signals may be prudent before considering new positions.