Coinbase Wrapped BTC (CBBTC) is currently priced at $90,557, reflecting a 24-hour decline of 2.38%. The daily trading range has been between $90,459 and $93,304, indicating volatility but also a lack of upward momentum.

The volume of $354,112,907 suggests active trading, with a volume-to-market cap ratio of 5.06%. This level of trading activity may indicate that traders are cautious, as the current price is below the 8, 13, and 21-hour Simple Moving Averages (SMA), which are $91,254.80, $91,759.58, and $92,244.90 respectively.

The hourly RSI is notably low at 19, suggesting that CBBTC is oversold in the short term. Meanwhile, the 7-day RSI is at 37, indicating that while the asset is not yet in a bullish territory, it may be poised for a potential rebound if momentum shifts.

The price change over the last 7 days is a minor decline of 1.49%, while the 14-day change shows a drop of 3.28%. However, there has been a positive shift over the last 30 days, with a price increase of 3.34%, indicating some resilience in the longer-term trend.

CBBTC's all-time high of $125,954, reached on October 6, 2025, remains significantly above the current price, suggesting potential upside. However, the recent downward trend and poor short-term indicators imply that the asset may face further challenges in regaining momentum.

Given the current technical indicators, including the low RSI values and the position below key moving averages, a cautious approach is warranted. The market sentiment appears bearish in the short term, indicating that now may not be the optimal time for entry.

Rating: Hold. The asset is currently in a downtrend, and despite some long-term potential, immediate risks outweigh the benefits of purchasing at this time.