clBTC (CLBTC) is currently priced at $88,150, reflecting a slight decline of 0.93% over the past 24 hours. The trading range has shown volatility, with a high of $90,870 and a low of $85,778, resulting in a daily range of 5.09%.

Despite the recent downturn, hourly moving averages indicate a short-term bullish sentiment, with the 8 SMA at $85,887.17 suggesting a rise of 2.63%. However, the 7-day RSI at 45 indicates a weaker momentum, nearing oversold territory, which may suggest a potential reversal in the near term.

The volume of 4.18 and a low volume-to-market cap ratio of 0.00% suggest limited trading activity, which could amplify price fluctuations. Over the past week, clBTC has experienced a price decline of approximately 5.20%, highlighting a bearish trend that has persisted for the last 14 and 30 days as well.

The all-time high for clBTC stands at $129,190, achieved in July 2025, indicating significant upside potential. However, given the current price action and the decreasing momentum in the shorter-term indicators, caution is warranted before making further investments.

Based on the current analysis, I recommend a Hold rating for clBTC. While the recent price drop and weak RSI suggest bearish pressure, the short-term moving averages hint at potential stabilization, indicating that investors may benefit from waiting for clearer signals before taking any action.