Arbitrum (ARB) is currently trading at $0.205848, reflecting a 24-hour decline of 2.03%. The price has oscillated between a high of $0.212807 and a low of $0.205486 during this period, indicating a tight daily range of 0.007321%.

The trading volume stands at 102,628,371 ARB, which corresponds to a volume/market cap ratio of 8.72%. This level of trading activity suggests moderate interest, but the recent downtrend and price action show potential selling pressure.

Technical indicators reveal that the short-term moving averages are all below the current price, with the 8 SMA at $0.2080 and the 13 SMA at $0.2079, both downtrending. The longer 144 SMA at $0.2138 is also declining, suggesting bearish momentum persists as ARB trades below key moving averages.

The RSI metrics indicate a lack of strength in the current price action, with the 1-hour RSI at 43 signaling potential oversold conditions, while the 7-day RSI is at 49, reflecting a neutral stance. The 30-day price change of -6.35% further reinforces the bearish trend, as ARB has struggled to maintain upward momentum.

Despite the recent challenges, the 14-day price change shows a more positive trend at 8.59%, indicating some recovery potential. However, the significant distance from the all-time high of $2.39 suggests that current valuations are still far from previous peaks.

Based on the analysis of current price action, moving averages, and RSI indicators, ARB appears to be in a corrective phase with limited upward momentum. Therefore, the rating is a Hold, as investors should monitor for signs of stabilization before considering further action.