Coinbase Wrapped BTC (CBBTC) is currently trading at $96,118, reflecting a slight decline of 0.30% over the last 24 hours. The price has fluctuated between a high of $97,142 and a low of $94,206 during the same period, indicating a daily range of 2.93%.

Trading volume stands at approximately $561 million, representing 7.94% of the market cap, suggesting moderate liquidity. The short-term moving averages, including the 8-hour and 13-hour SMAs, are showing positive momentum, while the 55-hour and 144-hour SMAs indicate bearish trends, highlighting potential resistance levels.

The 1-hour RSI is at 61, signaling that CBBTC is approaching overbought conditions, which could lead to a price correction. In contrast, the 7-day RSI is at 43, indicating bearish sentiment and potential downward pressure in the near term.

Over the past week, CBBTC has decreased by 5.70%, with a more pronounced decline of 12.61% over the past 14 days. The 30-day performance also reflects weakness, showing a loss of 13.89%, which further emphasizes the downward trend.

CBBTC's all-time high of $125,954 was recorded on October 6, 2025, illustrating a significant distance from the current price level. The persistent downtrend, coupled with bearish indicators and a relatively high volume, suggests that the market sentiment remains cautious.

Given the current technical and fundamental analysis, the recommendation for Coinbase Wrapped BTC (CBBTC) is to Hold. While there is some short-term upward momentum, the overall trend and recent performance indicate potential risks, and maintaining positions may be prudent until clearer bullish signals emerge.