Coinbase Wrapped BTC (CBBTC) is currently trading at $88,136, reflecting a modest 24-hour change of 0.53%. The daily range has been significant, with a high of $89,885 and a low of $85,410, indicating volatility within a 5% band.

Volume for the past 24 hours stands at approximately $611.96 million, contributing to a volume-to-market cap ratio of 9.38%. The moving averages are showing a bullish trend over shorter time frames, with the 8 SMA at $86,916.44 and the 13 SMA at $86,695.40 both reflecting positive momentum.

The 1-hour RSI is currently at 78, indicating overbought conditions, while the 7-day RSI at 47 suggests a neutral stance overall. Notably, there have been declines over longer periods, with the 7-day price change at -2.11%, the 14-day at -4.95%, and the 30-day at -3.47%, suggesting downward pressure in the recent trend.

The all-time high for CBBTC was recorded at $125,954 in October 2025, providing a significant benchmark for potential recovery. However, the current price remains approximately 30% below this level, highlighting potential for upside but also necessitating caution given recent price weakness.

Considering the current technical indicators, particularly the overbought RSI and recent downward trends, a cautious approach is warranted. Therefore, the recommendation is to Hold, as the potential for a corrective pullback may be imminent despite short-term bullish signals.