Coinbase Wrapped BTC (CBBTC) is currently priced at $90,737, reflecting a minor decline of 0.26% over the past 24 hours. The daily trading range shows significant volatility with a high of $92,838 and a low of $90,304, indicating market uncertainty.

The trading volume stands at approximately $274.87 million, which corresponds to 4.15% of its market capitalization, suggesting a moderate level of liquidity. The moving averages indicate a bearish trend, with the shorter-term SMAs (8, 13, and 21) all showing negative percentages, while the 144 SMA indicates a potential support level at $88,871, up by 2.10%.

The current 1-hour RSI at 41 suggests that CBBTC is nearing oversold conditions, while the 7-day RSI at 55 reflects a more neutral position. Over the past week, CBBTC has experienced a price increase of 7.44%, but a closer look reveals a decline of 5.74% over the past 14 days and a substantial drop of 18.48% over the last 30 days, indicating a longer-term bearish trend.

Given the substantial distance from the all-time high of $125,954 achieved on October 6, 2025, the current price reflects a significant downturn in value. While the recent price action suggests some recovery potential, the prevailing downward pressure indicated by the moving averages and longer-term RSI metrics must be considered.

Based on the analysis of technical indicators and recent price trends, the rating for CBBTC is a Hold. This rating reflects the current volatility and potential for further declines, while the slight recovery signals a need to monitor market conditions before making any aggressive trading decisions.