Coinbase Wrapped BTC (CBBTC) is currently priced at $86,525, reflecting a 24-hour decline of 4.58%. The price has fluctuated between a high of $91,863 and a low of $86,604 in the past day, indicating significant volatility with a daily range of approximately 5.26%.

Trading volume stands at $379,461,697, equating to a volume-to-market cap ratio of 6.11%, which suggests a moderately active market. Short-term moving averages indicate bearish sentiment, with the 8, 13, and 21 SMA showing declines of over 5%, while the 55 and 144 SMA are also trending downward, highlighting persistent selling pressure.

The 1-hour RSI is critically low at 17, indicating an oversold condition, while the 7-day RSI at 48 suggests a neutral to slightly bearish sentiment. Over the past 7, 14, and 30 days, CBBTC has experienced price declines of 1.08%, 8.80%, and 21.17%, respectively, suggesting a broader bearish trend in the medium term.

Despite the short-term oversold signals, the long-term outlook remains cautious, especially considering that the all-time high of $125,954 was recorded over two years ago. The price action and technical indicators suggest a prevailing bearish trend, and the recent significant pullback raises concerns about immediate recovery.

Based on the current data and technical analysis, the rating for Coinbase Wrapped BTC is a Sell. The combination of negative momentum, significant recent losses, and low RSI levels indicates that further downside risk remains, and investors should consider exiting positions or avoiding new entries until clearer bullish signals emerge.