Coinbase Wrapped BTC (CBBTC) is currently priced at $87,552, reflecting a slight decline of 0.32% over the past 24 hours. The daily trading range has been relatively stable, with a high of $90,160 and a low of $86,727, indicating a volatility of approximately 3.93%.

Volume for the past 24 hours stands at $373,253,070, corresponding to a volume-to-market cap ratio of 5.89%, suggesting moderate trading activity. The moving averages indicate a bearish trend with the 8 SMA at $88,965.86 down by 1.59%, while longer-term averages also show declines, confirming potential selling pressure in the market.

The 1-hour RSI is currently at 47, suggesting a neutral momentum, while the 7-day RSI at 49 indicates a lack of significant buying or selling strength. The 7-day price change of -2.27% and a 30-day price change of -3.58% further emphasize the weak performance over these time frames.

CBBTC’s all-time high of $125,954 was reached on October 6, 2025, showcasing significant potential upside if the market conditions improve. However, the recent downtrend and lack of bullish indicators may deter new investments in the short term.

Given the current price action, bearish moving averages, and neutral RSI readings, the recommendation is to Hold CBBTC for now. Monitoring for potential breakout signals or a reversal in momentum could provide better entry points for future trades.