Arbitrum (ARB) is currently priced at $0.177271, reflecting a 24-hour decline of 2.46%. The trading range for the day has been between $0.175648 and $0.181773, with a volume of approximately 80.49 million ARB tokens, resulting in a volume-to-market cap ratio of 7.79%.

The moving averages indicate bearish momentum, with the shorter-term 8 SMA at $0.1784 showing a decline of 0.63%, while the 144 SMA is significantly lower at $0.1950, down 9.09%. The Relative Strength Index (RSI) shows a 1-hour reading of 45, indicating a neutral position, while the 7-day RSI at 40 suggests increasing selling pressure.

Over the past week, ARB has decreased by 15.70%, and the 14-day price change is similarly negative at -14.57%. The longer-term trend also appears weak, with a 30-day price change of -3.70%, indicating persistent downward movement.

With the all-time high of $2.39 reached earlier this year, ARB is currently trading at approximately 93.9% below that level. Given the current bearish trend across multiple time frames, along with the RSI values indicating potential further selling pressure, a cautious stance is warranted.

Rating: Sell. The combination of declining moving averages, negative price momentum, and high selling pressure suggests that ARB is likely to face further downside in the near term.