Wrapped Bitcoin (WBTC) is currently priced at $90,721, reflecting a 24-hour decline of 2.04%. The daily range indicates volatility, with a high of $92,609 and a low of $90,111, while trading volume stands at $136,298,454, representing 1.20% of its market cap.

The short-term moving averages show mixed signals; the 8 SMA and 13 SMA are slightly positive, while the 21 SMA and 55 SMA indicate bearish momentum. The 144 SMA is the only moving average with a notable positive change of 2.10%, suggesting potential support around $88,853.65.

In terms of momentum, the 1-hour RSI is at 49, indicating a neutral stance, while the 7-day RSI is higher at 55, reflecting a moderately bullish trend over the past week. However, the 14-day price change is down by 5.57%, and the 30-day price change shows a significant drop of 16.13%, highlighting longer-term bearish pressure.

Despite the recent decline, the 7-day price change of 8.45% demonstrates some recovery in the short term. The all-time high remains at $125,932, indicating substantial potential upside if the market can stabilize and regain bullish momentum.

Considering the current technical indicators and recent price trends, the outlook for WBTC is cautiously optimistic in the short term, but longer-term trends suggest caution due to bearish momentum. Therefore, the recommendation is to Hold WBTC, monitoring for signs of stabilization and potential re-entry points if the price shows signs of reversal.