Arbitrum (ARB) is currently trading at $0.096755, reflecting a slight decline of 0.17555% over the last 24 hours. The asset's daily range has been relatively tight, oscillating between a high of $0.098325 and a low of $0.093055, indicating limited volatility.

Volume stands at 142,425,646, with a volume-to-market cap ratio of 25.28%, suggesting a moderate level of trading activity relative to its market capitalization. The hourly moving averages reveal mixed signals; the 8 SMA shows a slight upward trend of 0.24%, while the 55 SMA is down by 3.96%, indicating potential resistance around $0.1007.

The Relative Strength Index (RSI) for the past hour is at 58, suggesting a neutral momentum, while the 7-day RSI is at 38, indicating oversold conditions. The significant price declines over the last week (-16.62%), two weeks (-19.49%), and month (-48.55%) highlight a bearish trend, raising concerns about short-term recovery.

Given the current price is significantly below its all-time high of $2.39, established in January 2024, market sentiment appears weak. However, the recent price action shows signs of stabilization, which could suggest a potential bottom formation if buying interest increases.

In conclusion, the technical indicators reflect a bearish trend in the short to medium term, but the current price level may attract bargain hunters. Therefore, the recommendation is to Hold ARB for now, monitoring for any bullish reversal signals before making further commitments.