Coinbase Wrapped BTC (CBBTC) is currently priced at $87,414, reflecting a 24-hour decline of approximately 1.88%. The price has fluctuated between a 24-hour high of $89,090 and a low of $86,207, indicating a daily range of about 3.3%, which suggests moderate volatility in the market.

Trading volume stands at approximately $375.86 million, with a volume-to-market cap ratio of 5.49%, signaling healthy trading activity. However, the short-term moving averages show mixed signals, with the 8-hour SMA indicating a slight bullish trend (+0.60%), while longer-term SMAs (55 and 144) exhibit bearish momentum, suggesting a potential downtrend.

The 1-hour RSI is at 36, which is near the oversold territory, indicating a potential for a short-term bounce back. In contrast, the 7-day RSI of 43 suggests that the asset is approaching oversold conditions, although it is not yet definitive, providing a cautious outlook for buyers.

Over the past week, CBBTC has seen a price drop of 5.44%, further exacerbated by a 14-day price change of -4.17%. The 30-day change is nearly flat at -0.03%, indicating a lack of significant momentum in either direction over the longer term.

CBBTC's all-time high stands at $125,954, achieved on October 6, 2025, which creates substantial room for price recovery if bullish sentiment returns. Nevertheless, the current downward trends in both shorter and medium-term perspectives warrant caution.

In conclusion, the technical indicators present a mixed outlook with short-term bearish pressures, but potential for a bounce due to oversold conditions. Therefore, the recommendation for Coinbase Wrapped BTC (CBBTC) is a Hold, as current market conditions do not favor immediate buying or selling, but rather a wait-and-see approach until clearer signals emerge.