Arbitrum (ARB) is currently trading at $0.184422, reflecting a 24-hour decline of 3.43%. The price has oscillated between a high of $0.19148 and a low of $0.184048, indicating a narrow daily range of approximately 0.0074%, suggesting limited volatility in the short term.

Trading volume stands at 71,944,344, with a volume-to-market cap ratio of 6.82%, which shows a moderate level of trading activity relative to its market capitalization. The hourly moving averages reveal a consistent downward trend, with the 8 SMA at $0.1852 down by 0.40%, and longer-term SMAs also reflecting declines, particularly the 55 SMA at $0.1876, which is down 1.70%.

The 1-hour RSI is at 34, indicating that ARB is approaching oversold territory, while the 7-day RSI is at 48, suggesting a neutral trend over the past week. Over the last 30 days, ARB has experienced a price decline of approximately 8.27%, and it is down 14.21% over the past 14 days, which shows a consistent bearish momentum.

The cryptocurrency's all-time high of $2.39 was achieved on January 12, 2024, indicating significant potential for growth, but the current price level reflects a substantial retracement from that peak. As ARB trades below key moving averages and shows declining RSI metrics, the bearish sentiment persists, suggesting that further downside may be possible in the near term.

Given the current technical indicators, the lack of momentum, and the ongoing price decline, a Sell rating is warranted. This decision is based on the negative trend in both short-term and longer-term price movements, coupled with declining RSI levels, indicating weak buying interest and potential for further depreciation.