Arbitrum (ARB) is currently trading at $0.115019, reflecting a modest 24-hour increase of 0.68%. The daily range has been relatively tight, fluctuating between a low of $0.112102 and a high of $0.116773, which indicates limited volatility in the short term.

Volume over the past 24 hours stands at approximately 64.36 million ARB, translating to a volume-to-market cap ratio of 9.60%. This suggests a healthy trading activity relative to its market capitalization, which may indicate investor interest and liquidity in the current price range.

The hourly moving averages show a mixed trend; the 8, 13, and 21 SMA are all indicating upward momentum, while the 55 SMA is showing a slight decline. The 144 SMA, however, is also positive, indicating potential support at around $0.1131, suggesting that the price may stabilize above this level.

The RSI metrics reveal that the asset is currently in a neutral position, with the 1-hour RSI at 51 and the 7-day RSI at 53. The 7-day price change of approximately 1.99% is encouraging, yet the 14-day price change of -16.42% and 30-day decline of -47.07% highlight a longer-term bearish trend that may temper enthusiasm.

Given the significant gap from the all-time high of $2.39, ARB has considerable room for growth if market conditions improve. However, the recent downtrends over longer periods and mixed technical signals suggest caution is warranted for new investors.

In conclusion, the current data reflects a short-term bullish outlook but highlights underlying bearish pressures over the longer term. Therefore, the recommendation for Arbitrum (ARB) is a Hold, as investors should monitor for further confirmation of upward momentum before committing to new positions.