Coinbase Wrapped BTC (CBBTC) is currently priced at $90,842, reflecting a minor decrease of 0.22% over the past 24 hours. The daily price range has been relatively tight, with a high of $91,104 and a low of $90,292, indicating a 24-hour volatility of approximately 0.89%.

Trading volume stands at 225,131,157, with a volume-to-market cap ratio of 3.40%. This suggests moderate trading activity, while the short-term price movements show a slight bullish sentiment with hourly moving averages trending positively, as indicated by the 8 SMA and 13 SMA both at +0.17%.

The 1-hour RSI is currently at 60, which indicates that CBBTC is approaching overbought territory, while the 7-day RSI of 55 suggests a neutral trend overall. The price has gained approximately 6.94% over the past week but shows a decline of nearly 4.90% over the past two weeks, indicating a potential short-term rally that may not be sustainable.

In the context of longer-term performance, CBBTC has seen a significant decline of about 15.79% over the past 30 days. The all-time high of $125,954 from October 6, 2025, remains a substantial target, yet the current price reflects a notable distance from that peak, suggesting that the market sentiment is cautious.

Considering the current technical indicators, particularly the RSI levels and moving averages, combined with the recent price action, the outlook for CBBTC appears mixed. While there is short-term bullish momentum, the long-term trends indicate bearish pressure, necessitating a more conservative approach.

Based on this analysis, the recommendation for CBBTC is to Hold. The mixed signals suggest that while there may be opportunities for short-term gains, the long-term outlook requires careful monitoring before taking a decisive position.