Arbitrum (ARB) is currently trading at $0.181547, reflecting a modest 24-hour increase of 1.81%. The price has fluctuated between a daily high of $0.181059 and a low of $0.174352, indicating a daily range of approximately 0.0067%, which suggests limited volatility in the short term.

The trading volume stands at 78,582,846 ARB, corresponding to a volume-to-market cap ratio of 7.43%, indicating a reasonable level of trading activity relative to its market capitalization. The short-term moving averages (8 SMA and 13 SMA) show a bullish trend with positive percentage changes, while the longer-term 55 SMA and 144 SMA indicate bearish sentiment, particularly the 144 SMA, which has dropped 6.18% from recent levels.

The 1-hour RSI is at 67, suggesting that ARB is nearing overbought conditions in the very short term. In contrast, the 7-day RSI is at 39, indicating that the asset may be undervalued or oversold over the past week, correlating with a significant price drop of 11.80% over this period.

Arbitrum's price has declined by 14.31% over the last 14 days and 3.85% over the last 30 days, indicating persistent bearish momentum in the mid-term. The all-time high of $2.39 remains a considerable distance away, highlighting the need for strong bullish catalysts to approach that level again.

Given the mixed signals from various technical indicators, with short-term bullishness clashing against longer-term bearish trends, a cautious approach is warranted. Therefore, the recommendation for ARB is to Hold, as potential short-term gains may be offset by the ongoing mid-term downtrend and overall market uncertainty.