Coinbase Wrapped BTC (CBBTC) is currently priced at $88,282, reflecting a 0.632% increase over the last 24 hours. The daily trading range has been notable, with a high of $89,101 and a low of $86,806, indicating volatility in the market.

Trading volume stands at approximately $272 million, with a volume-to-market cap ratio of 4.26%, suggesting healthy market activity. The short-term moving averages are trending positively, with the 8 SMA at $87,535.24 showing a gain of 0.85%, while the longer 21 SMA has increased by 1.05%, indicating bullish momentum.

The 1-hour RSI is at 75, which indicates that CBBTC is currently overbought in the short term. However, the 7-day RSI at 52 indicates a more neutral position, suggesting a potential consolidation phase after recent gains.

Price changes over various timeframes show mixed signals: the 7-day change is a modest 0.32%, while the 14-day change shows a more significant gain of 1.15%. In contrast, the 30-day change is down by 3.82%, reflecting longer-term weakness that could be a concern for some investors.

CBBTC's all-time high of $125,954 reached in October 2025 presents substantial upside potential. However, the current price is still significantly below that peak, suggesting room for growth if market conditions remain favorable.

Based on the analysis of current technical indicators, including strong short-term momentum but mixed signals in longer-term performance, the recommendation for CBBTC is to Hold. This rating considers both the potential for further short-term gains and the need to watch for consolidation or reversal signals in the longer term.