Coinbase Wrapped BTC (CBBTC) is currently trading at $89,319, reflecting a 24-hour decline of 3.30%. The price has fluctuated between a high of $92,665 and a low of $88,370 over the last day, indicating a daily range of 4.3% which highlights volatility in the market.

The trading volume stands at approximately $473.32 million, contributing to a volume-to-market cap ratio of 7.32%. Analyzing the hourly moving averages reveals that the 8 SMA is slightly bullish at $89,200.59, while the 13 SMA is turning bearish at $89,819.92, indicating short-term selling pressure.

The Relative Strength Index (RSI) on the hourly chart is at 33, suggesting that CBBTC is currently oversold, which could indicate a potential rebound. Conversely, the 7-day RSI at 48 suggests a neutral momentum, while the 14-day price change is positive at 5.42%, indicating some recent buying interest.

However, the 30-day price change is notably negative at -13.82%, which raises concerns about the longer-term trend. Despite the recent price action, the cryptocurrency remains significantly below its all-time high of $125,954 reached in October 2025, indicating substantial potential upside but also the risk of continued declines.

Given the current technical indicators and the mixed signals from RSI levels, a cautious approach is warranted. Therefore, the recommendation for CBBTC is to Hold, as potential buyers may wait for a clearer reversal signal in the short term while monitoring for support levels around the current price range.