Coinbase Wrapped BTC (CBBTC) is currently trading at $91,622, reflecting a 4.47% increase over the last 24 hours. The price has fluctuated between a 24-hour high of $91,885 and a low of $86,385, indicating significant volatility with a daily range of 6.35%.

The volume of $495.32 million suggests a healthy trading activity, contributing to a volume-to-market cap ratio of 7.31%. Technical indicators show that short-term moving averages (8 SMA at $89,343.10) are trending upwards, while longer-term averages also reflect positive momentum, particularly the 55 SMA which shows a 4.31% increase.

The current 1-hour RSI stands at an extremely high 87, suggesting that CBBTC is overbought in the short term. In contrast, the 7-day RSI at 55 indicates a more neutral position, but the 7-day price change of -0.90% alongside 14-day and 30-day declines of approximately 10.23% and 19.64% respectively reflect bearish sentiment over a longer timeframe.

The all-time high of $125,954 reached on October 6, 2025, remains a significant resistance level. Given the recent price action and high volatility, traders should be cautious as the asset approaches this historical level while facing downward pressure from longer-term trends.

Considering the current overbought conditions indicated by the 1-hour RSI and the declining longer-term price changes, a "Hold" rating is advisable. Investors should monitor for potential pullbacks given the recent volatility and the general trend of weakening prices over the last month before making new positions.