Arbitrum (ARB) is currently priced at $0.214757, reflecting a 6.53% increase over the last 24 hours, suggesting short-term bullish momentum. The daily trading range has been between $0.201586 and $0.220883, indicating a relatively tight volatility of 1.89% within the session.

Volume stands at 160,717,447 with a volume-to-market cap ratio of 13.32%, which shows moderate trading activity relative to its market capitalization. This volume figure suggests a healthy interest in ARB, though it is essential to monitor whether this volume can sustain upward price movements.

Examining the hourly moving averages reveals mixed signals: the 8 SMA and 13 SMA are trending downward, indicating short-term weakness, while the 55 SMA shows a positive change of 3.53%, suggesting potential support at lower levels. The 1-hour RSI is at 39, indicating that ARB is approaching oversold conditions, while the 7-day RSI at 48 suggests that momentum is still neutral but may be trending towards bearish territory.

The price has experienced significant declines over the last 7 days (-8.77%), 14 days (-26.37%), and 30 days (-33.47%). This prolonged downtrend indicates potential bearish sentiment, and while the recent uptick may attract some buyers, the overall trend remains concerning.

Given the technical indicators and recent price performance, the recommendation for Arbitrum (ARB) is to Hold. While the short-term price action shows a bounce, the longer-term trend and bearish momentum suggest caution. A break above the 24-hour high of $0.220883 could provide a more bullish outlook, while a drop below the 24-hour low of $0.201586 would reinforce bearish sentiment.