Coinbase Wrapped BTC (CBBTC) is currently priced at $87,052, showing a significant decline of 3.54% over the last 24 hours. The daily trading range between the high of $90,243 and the low of $87,325 reflects high volatility, with a range of 3.35%.

Volume stands at approximately $401.8 million, which corresponds to 5.93% of the market cap, indicating a moderate level of trading activity. The hourly moving averages demonstrate a consistent downward trend, with the 8 SMA at $89,258.66 reflecting a decline of 2.47% and the 144 SMA at $93,658.33 indicating a 7.05% drop, suggesting bearish sentiment.

The RSI metrics reveal an oversold condition, with the 1-hour RSI at 34 and the 7-day RSI at 32, both indicating potential for a short-term rebound. However, the 7-day price change shows a decline of 10.41%, underscoring persistent bearish pressure in the near term.

CBBTC's performance over longer periods also reflects weakness, with a 14-day price change of -4.55% and a 30-day price change of -2.80%. Despite the all-time high of $125,954 reached in October 2025, current momentum and technical indicators suggest that a recovery towards that level is unlikely in the immediate future.

Given the persistent downtrend, oversold indicators, and lack of bullish momentum, a Hold rating is warranted. Investors should monitor for signs of recovery, but should avoid aggressive buying until there are clear indications of a trend reversal or significant price support.