Arbitrum (ARB) is currently priced at $0.193254, reflecting a significant 24-hour decline of 10.09%. The price action has fluctuated between a 24-hour high of $0.220581 and a low of $0.192564, indicating a daily range of 0.028017%, suggesting increased volatility in recent trading sessions.

Trading volume stands at approximately 150 million ARB, representing 13.34% of its market cap, which may signal a potential liquidity issue as selling pressure increases. The hourly moving averages indicate a strong bearish trend, with the 8, 13, 21, 55, and 144 SMAs all reflecting declines ranging from 9.63% to 10.84%, reinforcing the downward momentum.

The 1-hour Relative Strength Index (RSI) is at a severely low level of 22, suggesting that ARB is in oversold territory and may be primed for a short-term correction. However, the 7-day RSI at 47 indicates a more neutral position, while the price changes over the past week (-7.73%) and fortnight (-11.41%) reflect ongoing bearish sentiment.

Historically, ARB reached an all-time high of $2.39 earlier this year, which provides context for its current price levels. The recent 30-day price change of 1.24% highlights a lack of significant bullish momentum despite the potential for a longer-term recovery.

Given the current technical indicators and recent price action, ARB is facing considerable selling pressure and bearish momentum. Therefore, the rating is a Hold, with a cautious outlook; investors should monitor for signs of stabilization or reversal before considering new positions or accumulation.