Arbitrum (ARB) is currently trading at $0.136725, reflecting a 24-hour decline of 2.72%. The price range for the day has been between $0.132782 and $0.141657, indicating a daily range of 0.008875%, which suggests limited volatility in recent trading activity.

Volume stands at 167,491,520, translating to a volume/market cap ratio of 21.02%, which indicates a healthy trading environment. However, the persistent downtrend is evident, with a 7-day price change of -19.76% and a 30-day change of -34.26%, signaling weak momentum over the medium term.

Technical indicators show bearish signals, with the hourly RSI at 43, indicating a lack of buying momentum, while the 7-day RSI at 38 confirms that ARB is nearing oversold conditions. The moving averages highlight a bearish trend, with the 55 SMA at $0.1440 reflecting a 5.07% decline and the 144 SMA at $0.1570 showing a significant 12.90% drop, further reinforcing a downward trajectory.

Given the technical indicators and the price action, the outlook for Arbitrum remains bearish. The negative price momentum, combined with declining RSI values and lower moving averages, suggests that a reversal is not imminent.

Considering the current data, a Hold rating is recommended. Investors should monitor for signs of stabilization or reversal in the RSI and price action before making any buy decisions, as the market sentiment remains weak and could lead to further declines.