Coinbase Wrapped BTC (CBBTC) is currently priced at $87,810, reflecting a 24-hour decline of 1.52%. The asset has shown volatility, with a daily range of $1,668, trading between a high of $89,356 and a low of $87,688 during this period.

The trading volume stands at approximately $157.69 million, translating to a market cap volume ratio of 2.28%. Moving averages indicate bearish momentum, with the 8 SMA at $88,529.63 down 0.81%, and the 144 SMA at $89,879.83 down 2.30%, signaling continued downward pressure in the near-term.

The 1-hour RSI is significantly low at 21, indicating that CBBTC is oversold in the short term, while the 7-day RSI at 42 suggests a neutral position overall. Over the past week, the asset has depreciated by approximately 7.75%, reflecting a bearish trend, while the 30-day change shows a slight increase of 0.74%.

CBBTC's all-time high remains $125,954, reached on October 6, 2025, which indicates substantial room for growth compared to its current price. However, the recent price action and trend indicators suggest a struggle to reclaim significant upward momentum, as evidenced by the consistent declines in moving averages.

Given the combination of oversold conditions in the short term and bearish trends in the longer-term moving averages, a cautious approach is warranted. Therefore, the recommendation is to Hold CBBTC at this time, allowing for potential recovery while closely monitoring market conditions for any signs of reversal.