Arbitrum (ARB) is currently trading at $0.182268, reflecting a 24-hour decline of 2.05%. The daily trading range has been relatively narrow, with a high of $0.189749 and a low of $0.179881, indicating subdued volatility in recent trading activity.

The trading volume of 113,329,098 ARB represents a 10.66% ratio against the market cap, suggesting a moderate level of trading interest. However, the negative price changes over the last week (-14.55%) and 14 days (-13.60%) indicate a bearish trend, with the price struggling to maintain upward momentum.

Short-term moving averages are all showing negative percentages, with the 8 SMA and 13 SMA at -2.21% and -2.20%, respectively. The 144 SMA is significantly lower at $0.2001, indicating potential resistance, while the current price is well below this level.

The 1-hour RSI is neutral at 50, suggesting that the market is neither overbought nor oversold. However, the 7-day RSI at 43 indicates bearish momentum, as values below 30 are typically considered oversold, while values above 70 are overbought.

With the all-time high of $2.39 reached earlier this year, the current price reflects a substantial drawdown, underscoring the significant market correction. The downward trajectory in price over various time frames suggests ongoing selling pressure and lack of bullish sentiment.

Based on the current technical indicators and fundamental data, a Sell rating is warranted. The persistent negative price movements, bearish momentum in RSI readings, and failure to break above key resistance levels indicate that further declines may occur before any potential recovery.