Coinbase Wrapped BTC (CBBTC) is currently priced at $91,044, experiencing a slight decline of 0.36% over the past 24 hours. The asset has fluctuated within a daily range of $2,534, with a high of $92,838 and a low of $90,304, indicating notable volatility in the market.

The trading volume stands at approximately $428.74 million, contributing to a market cap volume ratio of 6.45%. The hourly moving averages reflect a bearish trend across shorter timeframes, with the 8 SMA at $91,693.41, down 0.71%, while the longer-term 144 SMA at $88,397.22 shows a positive shift of 2.99%, suggesting potential support.

The 1-hour Relative Strength Index (RSI) is at 46, indicating a neutral position, while the 7-day RSI of 57 suggests a slightly bullish momentum over the week. However, the 14-day price change is negative at -4.24%, and the 30-day price change reflects a significant decline of -18.14%, which may point to ongoing bearish sentiment.

The all-time high for CBBTC remains at $125,954, achieved in October 2025, indicating a considerable potential upside from the current levels. However, the recent price movements and RSI indicators suggest that the market may not be ready for a rebound just yet.

Based on the current technical indicators and market conditions, a Hold rating is recommended. The mixed signals from the moving averages and RSI suggest caution, while the volume indicates sustained interest; thus, maintaining a position until clearer bullish signals emerge would be prudent.