Arbitrum (ARB) is currently trading at $0.118318, reflecting a minor 24-hour decline of 0.33%. The daily trading range is tight, with a high of $0.122013 and a low of $0.117508, indicating limited volatility in the short term.

Volume stands at approximately 69,281,639, which represents 10.05% of the market cap, suggesting moderate trading activity. The hourly moving averages indicate a bearish trend, with the 8 SMA at $0.1202 and the 13 SMA at $0.1204 both showing negative shifts, while the longer-term averages such as the 55 SMA at $0.1157 and 144 SMA at $0.1122 indicate a slight bullish correction.

The 1-hour RSI is at 42, suggesting the asset is approaching oversold conditions, while the 7-day RSI at 55 indicates a neutral stance, neither overbought nor oversold. However, the 7-day price change of -0.05% and the more concerning 14-day and 30-day changes of -15.76% and -43.73%, respectively, point to significant downward momentum over the medium term.

Despite the recent price retracement, the current price is well below the all-time high of $2.39, reflecting a substantial market correction. Given the bearish indicators from both short-term and long-term moving averages and the overall declining price trend, the potential for a rebound appears limited in the immediate future.

Considering these factors, the recommendation for Arbitrum (ARB) is to Hold. The market sentiment remains cautious, and while there could be short-term opportunities for traders, the overall trend suggests waiting for more favorable technical indicators before making a Buy decision.