Coinbase Wrapped BTC (CBBTC) is currently priced at $88,303, reflecting a 1.50% increase over the past 24 hours. The daily trading range has been $1,828, with a high of $88,705 and a low of $86,877, indicating a moderately volatile market environment.

Trading volume stands at approximately $437.93 million, representing 6.79% of the market capitalization, suggesting a healthy level of trading activity. However, the 7-day price change is negative at -2.22%, indicating a bearish sentiment over the past week despite the recent daily uptick.

The hourly moving averages are showing slight positive trends, with the 8 SMA at $87,803.71 up 0.57%, and the 144 SMA at $87,564.51 showing a 0.84% increase. The RSI metrics present a mixed outlook; the 1-hour RSI is neutral at 51, while the 7-day RSI at 48 suggests a weak momentum and the potential for further downward pressure.

In terms of longer-term performance, CBBTC has seen a decline of -4.70% over the past 30 days, reinforcing the bearish trend established in the weekly timeframe. The all-time high of $125,954, reached on October 6, 2025, provides a significant reference point for potential future price movements but also emphasizes the distance from its peak.

Given the current market indicators, including the bearish trends in the 7-day and 30-day price changes, alongside a neutral RSI, the immediate outlook for CBBTC remains cautious. Therefore, the recommendation is to Hold, as the asset may experience further volatility and potential declines before establishing a more bullish trend.