Wrapped Bitcoin (WBTC) is currently priced at $93,623, showing a notable 24-hour change of 7.80%. The daily price range has been significant, oscillating between a low of $86,278 and a high of $93,895, indicating strong market activity.

The volume over the last 24 hours stands at approximately $420.75 million, with a volume-to-market cap ratio of 3.60%. This suggests healthy liquidity, supporting the recent price movement and reflecting increased investor interest in WBTC.

In terms of moving averages, the 8-hour and 13-hour simple moving averages (SMA) are both trending upwards, indicating short-term bullish momentum. However, the 21-hour SMA is relatively flat, suggesting potential resistance at around $90,520, while the longer-term 144-hour SMA shows a solid gain of 4.31%, indicating underlying strength.

The 1-hour Relative Strength Index (RSI) is at 73, indicating that WBTC is in overbought territory in the short term. Conversely, the 7-day RSI at 53 suggests a more balanced market position, with the price having increased by 7.19% over the last week, reflecting a recovering trend.

Despite a significant drop of 13.37% over the past 30 days, the recent short-term gains may signal a reversal or correction phase. The all-time high of $125,932 reached on October 6, 2025, serves as a psychological resistance level that could influence future price movements.

Given the current bullish trend and the positive momentum in both the short and medium-term indicators, I recommend a Buy rating for WBTC. The strong volume and upward movement in the shorter moving averages further support this position, suggesting that current buyers may benefit from continued upward price action.