Arbitrum (ARB) is currently priced at $0.15118, showing a 24-hour decline of 2.12%. The daily trading range has been narrow, with a high of $0.157355 and a low of $0.151477, indicating reduced volatility.

The volume stands at 101,641,287, translating to a volume/market cap ratio of 11.53%, suggesting moderate liquidity in the market. However, the 1-hour RSI is at 30, indicating that ARB is nearing oversold territory, while the 7-day RSI at 40 suggests weak momentum.

Short-term moving averages are indicating downward pressure, with the 8 SMA at $0.1544, the 13 SMA at $0.1548, and the 21 SMA also at $0.1548, all reflecting a negative change. The longer-term 55 SMA at $0.1584 and 144 SMA at $0.1657 show deeper declines of 4.55% and 8.75%, respectively, suggesting a bearish trend.

From a fundamental standpoint, ARB is significantly below its all-time high of $2.39 reached in January 2024. The 7-day price change of -14.86%, 14-day price change of -29.04%, and 30-day price change of -18.83% indicate a consistent downtrend.

Given the current technical indicators, bearish sentiment persists, with both short-term and long-term moving averages pointing downward. The combination of declining prices and low RSI levels suggests that a rebound may be imminent but is not yet confirmed.

Overall, the market conditions do not favor immediate investment in ARB. Therefore, the rating is a Sell, as the current trends and data suggest further downside risk before any potential recovery occurs.