Coinbase Wrapped BTC (CBBTC) is currently priced at $91,304, reflecting a 6.16% increase over the last 24 hours. The daily trading range has been significant, with a high of $92,194 and a low of $86,010, indicating heightened volatility in the market.

Volume has reached 520,427,418, translating to a volume/market cap ratio of 7.91%, suggesting active trading interest. The price momentum is evident, as the hourly moving averages are all trending upward, particularly the 8 SMA, which shows a 2.52% increase, reflecting short-term bullish sentiment.

The 1-hour RSI is at 84, indicating that CBBTC is currently overbought in the very short term. In contrast, the 7-day RSI is neutral at 51, suggesting that the asset has more room for price movement in either direction over a slightly longer timeframe.

In terms of price change, CBBTC has seen a modest 4.53% increase over the past week, but the 14-day and 30-day changes show declines of -1.52% and -17.02%, respectively. This divergence indicates potential consolidation or correction phases ahead, especially after a strong daily performance.

The all-time high for CBBTC stands at $125,954, achieved on October 6, 2025, providing a substantial target for bullish traders. However, with current prices still significantly below this level, market participants may exercise caution regarding potential pullbacks.

Given the current overbought conditions and mixed signals from various timeframes, I recommend a Hold rating for CBBTC. Traders should monitor the market closely, especially for a potential correction, before committing to new positions.