Coinbase Wrapped BTC (CBBTC) is currently priced at $92,641, reflecting a 24-hour decline of 2.09%. The asset has exhibited a daily range of $2,399, with a high of $94,618 and a low of $92,219, indicating notable volatility within the trading session.

Volume stands at approximately $361.86 million, contributing to a relatively high Vol/Market Cap ratio of 5.06%. This suggests robust trading activity, yet the negative price movement signals potential seller dominance in the market.

The hourly moving averages reveal a bearish trend, with the 8 SMA at $93,045.21 showing a decline of 0.43%, and the 144 SMA at $95,193.43 reflecting a more pronounced decrease of 2.68%. The short-term averages are underperforming compared to longer-term averages, signaling weakening momentum.

The 1-hour RSI is neutral at 50, indicating neither overbought nor oversold conditions, while the 7-day RSI at 45 suggests a slight bearish sentiment approaching oversold territory. This aligns with the recent 7-day price change of approximately 1.64% and a 14-day decline of about 1.45%, indicating a lack of strong buying pressure.

In the context of a longer time frame, the 30-day price change of 4.93% highlights some positive momentum, although it is overshadowed by the recent price declines. The all-time high of $125,954 achieved on October 6, 2025, remains significantly above current levels, suggesting considerable room for growth if bullish sentiment returns.

Given the current technical indicators and market conditions, the recommendation is to Hold CBBTC. The asset shows potential for recovery based on longer-term performance metrics, but short-term bearish signals indicate that caution is warranted before considering any new positions.