Arbitrum (ARB) is currently priced at $0.191119, reflecting a slight decline of 1.23% over the past 24 hours. The asset has experienced a daily range between $0.189429 and $0.199139, indicating a stable trading environment with a relatively low volatility of 0.00971%.

The volume of ARB traded in the last 24 hours stands at approximately 90.46 million, which translates to a volume/market cap ratio of 8.27%. This level of trading activity suggests a moderate level of interest among investors, but it is insufficient to overcome recent bearish momentum reflected in the price movements.

Technical indicators reveal a concerning short-term outlook, with the 1-hour RSI at 25, indicating oversold conditions. In contrast, the 7-day RSI at 51 suggests a neutral stance, but the recent 14-day price change of -1.45% and a more significant 30-day decline of approximately 10.64% highlight ongoing downward pressure on the asset.

Moving averages are showing a consistent downtrend, with the 8 SMA at $0.1914, slightly below the current price, and longer-term SMAs (13, 21, and 55) indicating a bearish trend with declines of up to -1.97%. This pattern suggests that ARB is struggling to gain upward momentum, as it fails to breach critical resistance levels.

Given the proximity of the price to recent lows and the negative short-term indicators, the outlook for ARB remains cautious. The asset's all-time high of $2.39, set earlier this year, emphasizes the potential for recovery, but current performance shows a stark contrast.

Overall, the technical analysis and price trends indicate that ARB is currently in a bearish phase, with significant resistance at $0.1942. Therefore, the recommendation is to Hold ARB for the time being, as the asset may stabilize before any potential upward movements can be confirmed.