Arbitrum (ARB) is currently trading at $0.205802, reflecting a 24-hour change of -4.70%. The daily range has been relatively narrow, with a high of $0.217974 and a low of $0.203687, indicating low volatility in the recent trading session.

Volume stands at 96,444,024, which translates to a volume-to-market cap ratio of 8.35%, suggesting moderate trading activity relative to its market capitalization. The hourly moving averages show mixed signals, with the 8 SMA at $0.2050 indicating a slight upward trend, while the longer SMAs indicate a bearish trend over the past days.

The 1-hour RSI is at 29, indicating that ARB is oversold in the short term, which could suggest a potential price rebound. Conversely, the 7-day RSI at 49 indicates a neutral momentum, while the 14-day change of -4.29% reflects a bearish trend over the past two weeks.

Despite the recent downturn, ARB has seen a positive 7-day price change of approximately 0.91%, suggesting some recovery in the short term. However, the 30-day price change of -14.44% indicates significant bearish pressure and longer-term weakness.

Given the technical indicators and the current market conditions, the outlook for ARB appears cautious. The presence of oversold conditions may provide a buying opportunity, yet the overall trend remains bearish, warranting a more conservative approach.

In conclusion, a Hold rating is advisable for Arbitrum (ARB) at this time. This recommendation is based on the mixed technical signals, oversold conditions, and overall market sentiment that suggests potential volatility ahead, with longer-term bearish trends still in play.