Current market conditions for CLBTC show a price of $82,222, reflecting a 3.05% decrease in the last 24 hours. The daily trading range has been significant at 3,081%, but the volume remains low at 4.04, indicating limited market participation.

Technical indicators reveal that the 1-hour RSI is at a notably low level of 12, suggesting extreme oversold conditions. Additionally, the 7-day RSI at 39 indicates the asset is approaching oversold territory, though not yet in it, while both the 7-day and 14-day price changes show declines of approximately 8.85% and 14.59%, respectively.

Moving averages further suggest a bearish trend, with the 8 SMA at $84,265.39 down 2.42% and the 55 SMA at $88,335.03 down 6.92%. This pattern of declining moving averages confirms the momentum is currently downward, which may discourage buying interest.

Despite the asset's all-time high of $129,190, achieved in July 2025, the current price reflects a significant drop from that level, indicating a long-term bearish trend. The lack of volume and the ongoing price declines suggest that market sentiment is weak.

Given the current oversold conditions indicated by the RSI, there may be a potential for a short-term reversal; however, the prevailing bearish trend and low trading volume raise concerns about sustainability. Therefore, the recommendation for CLBTC is to hold, as further confirmation of a trend reversal is needed before considering a buy.