Coinbase Wrapped BTC (CBBTC) is currently trading at $90,309, reflecting a 24-hour decline of 2.23%. The price has fluctuated between a 24-hour high of $92,715 and a low of $89,709, indicating a daily range of 3.006%, which shows volatility in the current market environment.

Volume stands at approximately $329.67 million, with a volume-to-market cap ratio of 5.05%, suggesting moderate trading activity. The 1-hour RSI is notably low at 23, indicating that the asset is potentially oversold in the short term, while the 7-day RSI at 51 suggests a neutral stance for the medium term.

Short-term moving averages show mixed signals: the 8-period SMA is slightly bullish at $90,231.30, while the 13, 21, and 55 SMAs are bearish, indicating downward pressure with declines of up to 1.26%. The longer-term trend is also concerning, with a 30-day price change of -11.60%, reflecting a significant downturn over the past month.

Despite a relatively stable 7-day price change of 0.76%, the negative longer-term trends and the low hourly RSI indicate that traders may be facing further downward pressure. The asset is currently trading approximately 28.3% below its all-time high of $125,954 reached on October 6, 2025, suggesting potential resistance at higher levels.

Based on this analysis, a cautious stance is recommended. Given the oversold condition indicated by the hourly RSI and the moderate trading volume, a Hold rating is advised. This allows for the potential recovery in the short term, but traders should closely monitor for any further bearish developments in the broader market.