Wrapped Bitcoin (WBTC) is currently priced at $86,122, reflecting a 24-hour decline of 5.18%. The price has fluctuated between a high of $91,114 and a low of $83,841 in the past day, indicating significant volatility with a daily range of 7.27%.

The trading volume stands at 413,286,103, contributing to a volume-to-market cap ratio of 3.84%, suggesting moderate liquidity in the market. Short-term moving averages indicate mixed signals: the 8 SMA and 13 SMA are trending upwards, while the 21 SMA, 55 SMA, and 144 SMA are declining, reflecting bearish pressure on longer timeframes.

The 1-hour Relative Strength Index (RSI) is at 54, suggesting the asset is neither overbought nor oversold in the very short term. Conversely, the 7-day RSI at 48 indicates a slight bearish momentum, as it is closer to the oversold territory, consistent with the recent price decline over the last week.

From a longer-term perspective, WBTC has experienced a 30-day price drop of 22.03%, indicating significant downward momentum. With the all-time high at $125,932 recorded on October 6, 2025, the current price remains substantially below that level, suggesting potential for recovery but also significant resistance ahead.

Given the current technical indicators and price movements, WBTC shows signs of short-term support around the recent low of $83,841. However, the bearish trend on longer moving averages and the recent price decline suggest caution.

Rating: Hold. The mixed signals from short-term moving averages and bearish momentum in the longer timeframe indicate that while there may be short-term trading opportunities, the overall trend remains negative, warranting a wait-and-see approach before committing to a buy or sell.