Coinbase Wrapped BTC (CBBTC) is currently trading at $90,969, reflecting a 4.61% increase over the past 24 hours. The asset has experienced a daily range of $4,922, indicating significant volatility, with a high of $91,885 and a low of $86,963.

Volume over the last 24 hours stands at approximately $435.37 million, with a volume-to-market cap ratio of 6.47%, suggesting a robust trading activity relative to its market capitalization. The short-term moving averages (8 SMA and 13 SMA) are showing slight declines of -0.44% and -0.26%, respectively, while the longer moving averages (21 SMA, 55 SMA, and 144 SMA) indicate positive trends, particularly the 144 SMA, which has increased by 4.67%.

The 1-hour Relative Strength Index (RSI) is at 58, signaling a potential for continued upward momentum but nearing overbought conditions. The 7-day RSI at 57 suggests a similar stance, though the 7-day price change is relatively stable with a marginal increase, while the 14-day and 30-day price changes indicate broader bearish trends of -11.28% and -20.95%, respectively.

Given the current technical indicators, including the upward movement in longer-term SMAs and the robust daily trading volume, CBBTC is displaying signs of recovery from recent downtrends. However, the recent bullish momentum may face resistance near the $91,885 high.

In conclusion, the analysis indicates a cautious yet positive outlook for CBBTC. The overall trend appears to be shifting upward, but there are significant bearish signals from the longer-term price changes. Thus, a Hold rating is recommended at this point, allowing traders to monitor for further bullish confirmation while being aware of potential resistance levels.