Coinbase Wrapped BTC (CBBTC) is currently priced at $88,745, experiencing a 24-hour decline of 1.41%. The price has fluctuated within a daily range of $30,031, with a high of $90,356 and a low of $87,325, indicating significant volatility.

The volume of $478,854,860 represents a 6.94% share of the market cap, suggesting moderate trading activity. Short-term moving averages indicate bearish sentiment, with the 8 SMA at $89,888.13 and the 13 SMA at $89,850.59 both showing declines of over 1%.

The hourly RSI at 35 signals potential oversold conditions, while the 7-day RSI of 40 reflects continued downward pressure on the price. Over the past week, CBBTC has seen a price drop of approximately 8.34%, indicating ongoing bearish momentum, despite a slight increase of 1.35% over the last 30 days.

CBBTC's all-time high of $125,954, reached on October 6, 2025, underscores the asset's significant potential for recovery. However, current technical indicators suggest that the asset remains below key resistance levels, particularly the 144 SMA at $92,625.42, which is down 4.19%.

Given the current technical setup, with bearish short-term momentum and declining moving averages, the outlook appears negative in the immediate term. Therefore, a Sell rating is advised for CBBTC, as the market conditions suggest further downside risk before any potential recovery.