Coinbase Wrapped BTC (CBBTC) is currently trading at $90,044, reflecting a slight decline of 0.96% over the past 24 hours. The daily trading range has been significant, with a high of $92,239 and a low of $89,535, indicating volatility in the market.

The trading volume stands at approximately $458 million, with a volume-to-market cap ratio of 7.01%, suggesting a healthy level of market activity. The recent price movements show a 7-day price increase of 3.96%, but a concerning 30-day decline of 11.71%, indicating a bearish trend over the longer term.

Technical indicators reveal mixed signals; the 1-hour RSI is at 31, which is in the oversold territory, suggesting a potential short-term rebound. However, the 7-day RSI at 46 points to a lack of momentum and indicates that upward movement is not yet confirmed.

The moving averages show a bearish trend, with the 8 SMA at $90,315.96 and the 144 SMA at $91,161.10, both trending lower. This indicates that the short-term price action is struggling to gain traction against longer-term averages, which remains a concern for bulls in this market.

With the all-time high of $125,954 reached in October 2025, current prices are significantly lower, raising questions about the asset's recovery potential. Given the current technical indicators, particularly the RSI levels and bearish moving averages, a cautious stance is warranted.

Considering the mixed signals from both technical analysis and market sentiment, the recommendation is to Hold CBBTC. While there are signs of potential short-term recovery, the overall bearish trend and declining moving averages suggest that investors should wait for clearer signs of strength before committing further capital.