Arbitrum (ARB) is currently trading at $0.180204, reflecting a 24-hour decline of 3.29%. The daily price range has been relatively tight, between $0.175648 and $0.186335, indicating a lack of volatility in the short term.

Volume has reached approximately $92.39 million, equating to 8.81% of the market cap, which suggests moderate trading activity. The hourly moving averages show a mixed trend, with the shorter SMAs (8 and 13) indicating slight bullish momentum while the 55 and 144 SMAs are in a bearish state, signaling uncertainty.

The 1-hour RSI is at 44, suggesting that ARB is nearing oversold conditions, while the 7-day RSI at 42 confirms the downtrend over the past week. Both the 7-day and 14-day price changes are negative, indicating a consistent downward trajectory, with losses of approximately 13.13% and 13.77%, respectively.

Despite the recent price drop, the current price is significantly lower than the all-time high of $2.39 reached on January 12, 2024. This substantial gap suggests that there may be long-term recovery potential, but short-term indicators are presently bearish.

Considering the mixed signals from moving averages and RSI levels, alongside a notable downtrend, the recommendation is to Hold ARB at this time. The lack of bullish momentum and negative price changes over recent periods indicate caution, while the lower price point could present a buying opportunity in the longer term if market conditions improve.