Worldcoin (WLD) is currently priced at $0.420765, exhibiting a significant 24-hour change of 21.67%, indicating a robust short-term bullish momentum. The daily trading range is relatively tight at 0.078277%, with a 24-hour high of $0.421872 and a low of $0.343595, suggesting a strong buyer interest after a recent downturn.

Volume stands at approximately 242.81 million, reflecting a Vol/Market Cap ratio of 20.50%, indicating healthy trading activity and investor engagement. The hourly moving averages demonstrate positive trends, with the 8 SMA showing a 3.69% increase, the 13 SMA at 6.15%, and the 21 SMA at 11.23%, signaling short-term bullish sentiment.

However, the 1-hour RSI is exceptionally high at 86, which typically indicates overbought conditions and could signal a potential correction in the near term. The 7-day RSI is more neutral at 51, but both the 7-day and 14-day price changes reflect negative momentum, at -7.70% and -10.24%, respectively, suggesting underlying weakness in the medium term.

Despite the recent surge, the 30-day price change shows a decline of 29.12%, indicating that the asset is still in a longer-term downtrend from its peak. The all-time high of $11.74 reached in March 2024 remains a distant target, emphasizing the need for caution among investors.

Given the current technical indicators and recent volatility, a Buy rating is advised for short-term traders looking to capitalize on the momentum. However, longer-term investors should consider the prevailing downtrend and potential overbought signals, suggesting a Hold strategy may be prudent for those with a longer time horizon.