Coinbase Wrapped BTC (CBBTC) is currently trading at $87,257, reflecting a 24-hour decline of 2.47%. The price has fluctuated between $85,408 and $89,763 in the past day, indicating volatility with a daily range of 5.00%.

Trading volume stands at approximately $446.77 million, constituting 7.00% of the market cap, suggesting moderate investor engagement. The hourly moving averages show a mixed trend, with short-term averages (8, 13, and 21 SMA) above the current price and trending positively, while longer averages (55 and 144 SMA) indicate bearish momentum.

The 1-hour RSI is at 67, signaling near overbought conditions, while the 7-day RSI is at 43, suggesting a lack of upward momentum over the past week. This dichotomy indicates short-term strength against a backdrop of longer-term weakness, with the 7-day price change down 3.26% and the 30-day change down 9.50%.

CBBTC remains significantly below its all-time high of $125,954 set on October 6, 2025, suggesting that current prices may reflect bearish sentiment or market correction. Given the recent price action and the technical indicators, there is potential for a bounce if the price can stabilize above key support levels around $86,000.

In conclusion, the mixed signals from short-term bullish indicators contrasted with longer-term bearish trends lead to a cautious outlook. Therefore, the recommendation for CBBTC is to Hold, as potential for upside exists but is contingent on breaking above recent resistance levels and confirming a reversal in the longer-term trend.