Coinbase Wrapped BTC (CBBTC) is currently priced at $89,726, reflecting a 24-hour decline of 2.17%. The price action has established a daily range between $89,641 and $94,092, indicating volatility within a 4.51% span.

The volume traded over the last 24 hours stands at approximately $595.6 million, with a volume-to-market cap ratio of 9.16%. This suggests a moderate level of market activity, although the price decrease points to potential selling pressure.

Moving averages indicate bearish momentum, with the 8 SMA at $90,286.27 and showing a decline of 0.62%. More significantly, the 55 SMA is positioned at $91,725.54, reflecting a 2.18% drop, which could indicate continued downward pressure unless a reversal occurs.

The 1-hour RSI is critically low at 16, suggesting that CBBTC is in oversold territory. In contrast, the 7-day RSI at 52 indicates neutral market conditions, hinting that the asset could be consolidating after recent declines.

Over the past week, CBBTC has experienced a price drop of 2.92%, while the 14-day and 30-day changes are -1.19% and -13.89%, respectively. This trend highlights a longer-term bearish sentiment, as the price is well below its all-time high of $125,954 reached on October 6, 2025.

Considering the current technical indicators and price action, the outlook for CBBTC is negative. The combination of bearish moving averages, a low RSI, and recent price declines suggests that further downside could be expected.

Rating: Sell. The market conditions and technical indicators show insufficient bullish signals to warrant a buy, and the current trend supports a strategy of exiting positions.