Coinbase Wrapped BTC (CBBTC) is currently trading at $90,963, reflecting a 24-hour decline of 1.72%. The price has fluctuated within a daily range of $2,566, hitting a high of $93,304 and a low of $90,738, indicating a volatile market environment.

The volume traded in the last 24 hours stands at approximately $287.14 million, corresponding to a volume-to-market cap ratio of 4.08%. Short-term moving averages, including the 8 SMA at $92,426.76 and the 13 SMA at $92,678.08, are both trending down, indicating selling pressure and a bearish sentiment in the market.

The 1-hour RSI is extremely low at 11, suggesting that CBBTC is significantly oversold in the very short term. Conversely, the 7-day RSI at 43 indicates that the asset is approaching neutral territory but still leaning towards bearish momentum, aligning with the recent price declines over both the 7-day and 14-day periods.

From a longer-term perspective, CBBTC has experienced a price increase of 3.11% over the last 30 days, suggesting some resilience despite recent downturns. However, the price is still far from its all-time high of $125,954 achieved in October 2025, reflecting a significant potential upside if market conditions improve.

Given the current indicators—specifically the bearish short-term moving averages and the oversold condition indicated by the 1-hour RSI—it is prudent to adopt a cautious stance. Therefore, the rating for CBBTC is a Hold, as investors should closely monitor for potential reversal signals while awaiting a more favorable market context for entry.