Arbitrum (ARB) is currently priced at $0.170398, reflecting a 2.91% increase over the past 24 hours. The daily trading range has been relatively narrow, with a high of $0.172439 and a low of $0.165587, indicating limited volatility in the recent trading session.

The trading volume stands at approximately $94.81 million, representing 9.55% of the market cap, which suggests healthy liquidity for ARB. However, the 7-day and 14-day price changes are concerning, showing declines of 11.86% and 14.70%, respectively, indicating bearish momentum over the medium term.

The hourly moving averages display mixed signals; the 8 SMA and 13 SMA are slightly negative, while the 21 SMA shows a minor uptick of 0.49%. Conversely, the longer-term 55 SMA and 144 SMA are trending down, highlighting potential resistance levels above the current price.

The 1-hour RSI at 54 indicates a neutral position, while the 7-day RSI at 46 suggests that ARB is approaching oversold conditions. This combination implies a potential for short-term recovery, but the overall trend remains bearish, especially given the negative price changes over the last month.

With the all-time high of $2.39 reached earlier this year, ARB still has significant upside potential, but the current price is substantially lower, reflecting investor sentiment concerns. Given the recent price declines and lack of bullish indicators in both technical and fundamental analysis, a cautious approach is warranted.

Based on the current analysis, a Hold rating is advised for Arbitrum (ARB). The asset may present opportunities for short-term traders looking for a bounce, but the overall bearish trend and resistance levels suggest it is not yet a strong buy candidate.