Arbitrum (ARB) is currently trading at $0.243945, reflecting a 24-hour decline of 5.61%. The price has fluctuated between a high of $0.269553 and a low of $0.239498 within the last 24 hours, indicating a daily range of 0.030055%.

Trading volume stands at 213,321,955, representing a volume-to-market cap ratio of 15.89%, suggesting a moderate level of liquidity. The hourly moving averages indicate a bearish trend, with the 8 SMA at $0.2648 showing a decline of 7.89% and the 144 SMA at $0.2883 reflecting a 15.40% drop, further confirming downward momentum.

The 1-hour Relative Strength Index (RSI) is at 23, signaling that the asset is heavily oversold in the short term. In the medium term, the 7-day RSI is at 41, suggesting potential for a rebound but still within a bearish context, while the 14-day and 30-day price changes of -14.96% and -28.63%, respectively, indicate significant downward pressure over a longer horizon.

Arbitrum's all-time high stands at $2.39, achieved in January 2024, which suggests considerable room for recovery if market conditions improve. However, the current technical indicators suggest persistent bearish sentiment, making it essential to monitor price movements closely for any signs of a reversal.

Given the current oversold conditions, recent bearish trends, and resistance levels indicated by moving averages, the recommendation is to Hold. This strategy allows for potential entry at lower prices while watching for signs of bullish momentum before making a further commitment to buy.