Arbitrum (ARB) is currently trading at $0.093685, experiencing a significant decline of 15.48% over the last 24 hours. The trading range within this period has been between $0.093564 and $0.112583, indicating increased volatility and selling pressure.

With a trading volume of approximately 162.5 million, the volume-to-market cap ratio stands at 29.21%, suggesting substantial trading activity relative to its market capitalization. The 1-hour RSI is at 29, indicating the asset is currently oversold, while the 7-day RSI is at 49, suggesting a neutral trend.

The short-term moving averages are all showing negative momentum, with the 8 SMA at $0.0996 (-5.98%) and the 55 SMA at $0.1009 (-7.13%). This consistent downtrend in the moving averages indicates bearish sentiment, and the 14-day price change of -18.86% reinforces this perspective.

Looking at the longer-term trend, ARB has lost 43.68% over the past 30 days, which reflects a broader bearish market condition. Furthermore, the all-time high of $2.39, reached earlier this year, highlights the stark contrast to the current price, emphasizing the potential for recovery but also the risk of continued downtrends.

Given the current oversold conditions and the significant negative price movements, a cautious approach is recommended. The lack of strong support levels near the current price and negative sentiment across short-term moving averages suggest that further declines may be possible.

**Rating: Sell.** The combination of bearish indicators, high volatility, and lack of support suggests it is prudent to exit or avoid entering positions in ARB at this time.