Coinbase Wrapped BTC (CBBTC) is currently trading at $95,356, reflecting a robust 4.73% increase over the last 24 hours. The price has fluctuated between a high of $95,754 and a low of $91,046 within the same period, indicating a daily range of approximately 5.16%, which demonstrates notable volatility.

The trading volume stands at approximately $517.66 million, translating to a volume-to-market cap ratio of 7.10%. This suggests a healthy level of trading activity, which is essential for sustaining momentum in price movements, especially after the recent gains.

The hourly moving averages indicate a bullish trend, with the 8 SMA at $94,250.57 showing an increase of 1.17%. Additionally, longer-term SMAs also reflect positive momentum, particularly the 144 SMA at $91,056.71, which has risen by 4.72%, reinforcing the strength of the uptrend.

The current 1-hour RSI is at 79, indicating overbought conditions in the short term, which may lead to a price correction. Conversely, the 7-day RSI at 57 suggests that there is still room for upward movement, as it remains below the overbought threshold of 70.

Over the past 30 days, CBBTC has appreciated by approximately 6.81%, while the 14-day change shows a more significant increase of 7.61%. These metrics, combined with the proximity to the all-time high of $125,954, indicate strong bullish sentiment in the medium to long term.

Given the current price dynamics, technical indicators, and market sentiment, a Hold rating is appropriate for CBBTC. While the recent gains are impressive, the overbought conditions on the short-term RSI may warrant caution for new entries, suggesting that investors should maintain their positions while monitoring for any signs of a pullback.