Coinbase Wrapped BTC (CBBTC) is currently trading at $89,202, reflecting a slight decline of 0.42% over the past 24 hours. The asset has seen a daily range between $88,977 and $90,100, indicating some volatility but also a constrained trading environment.

Trading volume stands at approximately $151.79 million, representing 2.35% of the market cap, which suggests moderate interest among traders. The 1-hour RSI is at 36, indicating potential oversold conditions, while the 7-day RSI is at 53, suggesting a neutral momentum trend over the past week.

Moving averages reveal a downward trajectory, with the 8 SMA at $89,483.44 showing a decline of 0.31% and the longer-term 144 SMA at $90,295.77 down 1.21%. This indicates a bearish sentiment in the short term, as most moving averages are trending lower.

Over the past 30 days, CBBTC has experienced a notable price drop of approximately 12.45%, suggesting that the asset is under pressure. However, the 14-day price change shows a positive increase of 4.07%, indicating some potential for recovery over a longer horizon.

Despite the recent negative momentum, the proximity to key support levels around the current price may offer buying opportunities for traders looking for a rebound. The all-time high of $125,954 reached in October 2025 remains a significant target, but achieving that requires overcoming current bearish pressures.

Given the current technical indicators, short-term bearish sentiment, and potential for a rebound, a rating of Hold is recommended. Investors should monitor key support and resistance levels closely, as well as the broader market conditions, before making further investment decisions.