Coinbase Wrapped BTC (CBBTC) is currently trading at $89,530, reflecting a slight decline of 0.04865% over the past 24 hours. The asset has experienced a daily range of $2,452, with a high of $91,038 and a low of $88,586, indicating volatility but also a lack of sustained momentum in either direction.

Trading volume stands at approximately $278.9 million, representing 3.99% of the market cap, which suggests moderate liquidity in the market. The hourly moving averages show mixed signals, with the 8 SMA at $89,522.77 indicating a minor upward trend, while longer-term averages like the 144 SMA at $90,941.36 indicate a more significant downward bias over time.

The 1-hour RSI of 42 suggests that CBBTC is nearing oversold conditions, but it is not yet in the oversold territory, indicating potential for a short-term reversal. Conversely, the 7-day RSI also sits at 42, reflecting a lack of buying momentum and a sustained downtrend, with a notable 7-day price change of -6.08%.

Looking at the longer-term price changes, CBBTC has seen a slight uptick of 2.07% over the past 30 days, but this is countered by more substantial declines over the past week and 14 days. The asset remains far from its all-time high of $125,954 achieved on October 6, 2025, suggesting that there is significant room for recovery if market conditions improve.

Given the current technical indicators and fundamental data, CBBTC appears to be in a corrective phase, with bearish pressure evident across multiple time frames. As such, the recommendation is to Hold CBBTC for the time being, as the asset may stabilize and potentially present a better entry point in the near future, especially if the RSI indicators start moving toward more favorable levels.