Worldcoin (WLD) is currently priced at $0.37339, reflecting a 24-hour decline of 4.40%. The trading range over the last 24 hours was between $0.31803 and $0.394748, indicating significant volatility as the price approached its previous high.

The trading volume of 262,030,634 suggests active market participation, with a volume-to-market cap ratio of 25.03%. However, the recent performance shows a bearish trend, with the 7-day and 14-day price changes down by approximately 19% and 21%, respectively, indicating persistent selling pressure.

Technical indicators reveal mixed signals; the 1-hour RSI is at 49, suggesting the market is neither overbought nor oversold. However, the 7-day RSI at 43 indicates a potential oversold condition, which could attract buyers if momentum shifts.

Moving averages further illustrate the bearish sentiment; the 55 SMA and 144 SMA are both trending downward, with the 144 SMA at $0.4017 showing a decline of over 7%. In contrast, shorter-term SMAs like the 8 SMA and 13 SMA have seen increases, but they are still below the 21 SMA, suggesting that recent upward movements may lack strength.

With the all-time high of $11.74 reached in March 2024, the current price represents a significant retracement, suggesting that the market sentiment is currently pessimistic. Given the recent price action, persistent declines, and technical indicators suggesting oversold conditions, the outlook appears cautiously bearish.

Based on the analysis, a Hold rating is advised for Worldcoin (WLD). The potential for a short-term reversal exists, but the overall trend remains negative, warranting caution before any aggressive position is taken.