Coinbase Wrapped BTC (CBBTC) is currently trading at $89,189, reflecting a 24-hour change of -0.84645%. The daily trading range has been between a high of $90,172 and a low of $88,632, indicating a moderate level of volatility with a daily range of $1,540.

Volume for the past 24 hours stands at $359,914,056, contributing to a volume-to-market cap ratio of 5.18%. The hourly moving averages show a bearish trend, with the 8 SMA at $89,423.79, the 13 SMA at $89,602.41, and the 21 SMA at $89,695.37, all indicating negative percentages, suggesting continued downward pressure on the price.

The 1-hour RSI is at 37, indicating that CBBTC is approaching oversold territory, while the 7-day RSI at 40 shows a lack of momentum for a rebound. The 7-day price change of -6.61% and a 14-day change of -1.85% further underscore the recent bearish sentiment, but a slight positive trend is noted in the 30-day change of 1.69%.

Despite being significantly below its all-time high of $125,954, CBBTC's performance in the last month shows resilience with a slight gain. However, the recent price action indicates a potential continuation of bearish momentum, especially with moving averages trending downwards and RSI levels suggesting lack of buying interest.

Given the current technical indicators and the overall market sentiment, the recommendation for CBBTC is to Hold. This strategy is supported by the proximity to oversold conditions, which may lead to a short-term bounce, yet the overall downward trends in moving averages and recent price changes indicate caution before making any aggressive moves.