Coinbase Wrapped BTC (CBBTC) is currently trading at $110,233, reflecting a modest 24-hour increase of 1.00122%. The daily price range has been relatively tight, with a high of $110,452 and a low of $109,020, indicating a volatility of $1,432.

The volume over the last 24 hours stands at approximately $243.22 million, contributing to a trading volume/market cap ratio of 3.10%. Short-term moving averages show a positive trend, with the 8 SMA at $110,092 and the 13 SMA slightly higher at $109,948, both indicating upward momentum; however, the 144 SMA suggests potential resistance at $112,019.

The 1-hour RSI is at 67, which indicates that CBBTC is nearing overbought conditions, while the 7-day RSI at 47 suggests a neutral to slightly bearish sentiment. Despite a recent 7-day price decline of 1.07%, the 14-day change shows a more favorable uptick of 2.99%, highlighting some recovery potential.

Considering the all-time high of $125,954 achieved on October 6, 2025, CBBTC has room for significant price appreciation, yet the recent 30-day decline of 8.02% cannot be overlooked. The current upward momentum in the short term, coupled with the RSI data, indicates that CBBTC is positioned for potential short-term gains.

Based on the analysis of technical indicators and market conditions, I recommend a Buy rating for CBBTC. The combination of short-term positive moving averages and the potential for recovery from the recent price downturn supports this recommendation.