Arbitrum (ARB) is currently trading at $0.215361, reflecting a 24-hour decrease of 3.03%. The asset's daily trading range has been relatively tight, fluctuating between a low of $0.215724 and a high of $0.228012, indicating limited volatility in the short term.

The trading volume over the past 24 hours stands at 137,406,839, with a volume-to-market cap ratio of 11.33%, suggesting moderate trading activity relative to its market capitalization. The short-term moving averages are showing a bearish trend, with the 8, 13, and 21-period SMAs all indicating declines of approximately 2% to 2.39%, while the 55 SMA shows a slight loss of 0.96%.

The 1-hour RSI at 42 indicates that ARB is nearing oversold territory, while the 7-day RSI at 50 suggests a neutral momentum. Price changes over the last 7 days (-3.39%) and 14 days (-1.45%) reflect a slight downtrend, but the 30-day change of -29.72% signals significant bearish pressure over a longer timeframe.

Despite the recent downturn, the all-time high of $2.39 achieved in January 2024 suggests substantial potential for recovery. However, the current price is significantly below this peak, indicating a prolonged bearish sentiment and a need for a reversal to regain investor confidence.

Considering the recent price action, bearish moving averages, and the relatively low RSI, the recommendation for ARB is to Hold. This strategy allows investors to assess whether the asset can stabilize and reverse its current downtrend before making further investment decisions.