Arweave (AR) is currently priced at $3.89, experiencing a slight decline of 1.55% over the past 24 hours. The daily trading range has been relatively narrow, with a high of $4.05 and a low of $3.81, indicating constrained volatility amid current market conditions.

Volume over the last 24 hours stands at approximately $21.26 million, contributing to a volume-to-market cap ratio of 8.32%. This relatively moderate volume suggests a lack of strong buying or selling pressure, which is reflected in the recent downward price movements across different timeframes.

The hourly moving averages indicate a consistent bearish trend, with the 8 SMA at $3.98 showing a decline of 2.29%. The 1-hour RSI is at 31, suggesting that AR is nearing oversold territory, while the 7-day RSI at 48 shows indecision in the short term, further underscoring the lack of strong momentum in either direction.

Over the past week, AR has decreased by about 2.11%, and it has seen a more significant drop of 10.80% over the past 14 days. The 30-day performance shows a 19.66% decline, indicating that the asset has been under pressure for a considerable period, with no signs of a reversal in the near term.

Given that the asset is trading significantly below its all-time high of $89.24 from November 2021, the long-term outlook remains challenging. The combination of bearish technical indicators, including moving averages and RSI readings, along with the consistent price decline, suggests that the current sentiment is leaning negative.

Based on the analysis, a Sell rating is warranted at this time. The ongoing downward trend, coupled with weak volume and bearish momentum, indicates that investors may face further losses if they maintain positions in Arweave.