Coinbase Wrapped BTC (CBBTC) is currently priced at $89,157, reflecting a slight decline of 0.72% over the past 24 hours. The price has fluctuated between a high of $89,961 and a low of $89,053, indicating a daily trading range of approximately 908%, with a volume of 100,505,806 contributing to a volume-to-market cap ratio of 1.45%.

Technical indicators show that the 8-hour and 13-hour Simple Moving Averages (SMAs) are slightly bearish, with respective declines of 0.22% and 0.31%. The 55-hour SMA shows a more significant downturn of 0.34%, while the 144-hour SMA indicates a more considerable bearish trend with a drop of 1.49%, suggesting ongoing weakness in short-term momentum.

The Relative Strength Index (RSI) readings are concerning, with a 1-hour RSI of 11 indicating severe oversold conditions. The 7-day RSI at 41 suggests that CBBTC is approaching oversold territory but has not yet triggered a potential rebound signal, reflecting bearish sentiment in the medium term.

From a price change perspective, CBBTC has seen a significant decline of 6.53% over the past week, coupled with a minor decrease of 1.44% over the last 14 days. Although there has been a slight increase of 1.17% over the past 30 days, the overall trend appears to be downward, with the current price significantly below the all-time high of $125,954 reached on October 6, 2025.

In conclusion, the combination of bearish technical indicators, low RSI values, and recent price declines suggests a lack of upward momentum for CBBTC. Therefore, the recommendation is to Hold, as the current oversold conditions may present a potential buying opportunity if price stabilizes, but significant caution is warranted until clearer bullish signals emerge.