Coinbase Wrapped BTC (CBBTC) is currently trading at $86,963, reflecting a slight decline of 0.39% over the past 24 hours. The daily trading range has been between $86,218 and $87,914, indicating a volatility of 1.96% within this period, with a trading volume of approximately $369.92 million.

Technical indicators show that the short-term hourly moving averages are mixed, with the 8 SMA at $86,644.48 up by 0.37%, while longer-term averages like the 144 SMA are down by 2.52% at $89,215.16. The 1-hour RSI is at 37, suggesting the asset is nearing oversold territory, while the 7-day RSI at 46 indicates a neutral trend without clear upward momentum.

In terms of performance, CBBTC has experienced notable declines over the past week, with a 7-day price change of -5.51% and a 14-day decline of -6.42%. The 30-day performance shows an even more significant downturn of 8.72%, highlighting a consistent bearish trend in the mid-term.

CBBTC's all-time high stands at $125,954, achieved on October 6, 2025, which indicates a substantial gap to current prices. This suggests that, despite recent price declines, there may be potential for recovery if market sentiment shifts positively.

Based on the current technical indicators, performance metrics, and overall market sentiment, I assign a Hold rating to CBBTC. The asset is near oversold conditions, and while the bearish trend remains, a stabilization at current levels could present a buying opportunity if there are signs of recovery in the broader market.