Wrapped Bitcoin (WBTC) is currently trading at $103,513, reflecting a slight decline of 0.83% over the last 24 hours. The price has oscillated between a daily high of $104,409 and a low of $102,545, indicating a daily range of $1,864, which suggests moderate volatility in the short term.

The trading volume stands at approximately $156.93 million, representing a volume-to-market cap ratio of 1.18%. This low ratio indicates that recent trading activity is relatively subdued compared to the overall market capitalization, which may reflect investor caution or consolidation ahead of a directional move.

Analyzing the short-term moving averages, the 8-period SMA is at $103,562 with a minor decline of 0.05%, while the 13 and 21 SMAs show slight upward momentum. Conversely, the 55 SMA is indicating bearish sentiment at $104,285, down 0.74%, and the longer-term 144 SMA is at $105,149, down 1.56%, suggesting resistance levels above the current price.

The 1-hour RSI is at 62, indicating a near-overbought condition, while the 7-day RSI at 47 suggests that WBTC is nearing oversold territory. The price changes over the last 7, 14, and 30 days reflect a downward trend, with losses of approximately 1.43%, 1.80%, and 5.77% respectively, signaling bearish momentum in the medium term.

Despite the recent price decline, the current level is still significantly below its all-time high of $111,685 reached on May 22, 2025. The technical indicators suggest a mixed outlook, with short-term indicators showing potential for a slight rebound while longer-term indicators remain cautious.

Given the technical analysis and prevailing market conditions, the recommendation for Wrapped Bitcoin (WBTC) is to Hold. This rating reflects the potential for short-term volatility while recognizing the need for further confirmation before considering a Buy position, as the overall trend remains bearish in the medium term.