Arbitrum (ARB) is currently trading at $0.110585, reflecting a modest 24-hour change of 0.62284%. The price has remained within a daily range of $0.003491, with a high of $0.111801 and a low of $0.10831, indicating relatively low volatility in the short term.

The trading volume over the past 24 hours is approximately $72.74 million, resulting in a volume-to-market cap ratio of 11.30%, suggesting a healthy level of trading activity relative to its market capitalization. Moving averages indicate mixed sentiment: the 8, 13, and 21 SMA show positive momentum, while the 55 SMA indicates a slight downtrend, and the 144 SMA signals a bearish outlook over a longer timeframe.

The current 1-hour Relative Strength Index (RSI) stands at 50, indicating that ARB is neither overbought nor oversold at this time. However, the 7-day RSI at 45 suggests a weakening momentum, as ARB has experienced a price decline of approximately 1.29% over the past week and a more significant drop of 28.86% over the past 14 days, alongside a dramatic decline of 50.20% over the last 30 days.

Considering the all-time high of $2.39 reached on January 12, 2024, ARB currently trades at a substantial discount, presenting potential upside for long-term investors. Nevertheless, the significant downward pressure reflected in the recent price changes and the bearish signal from the 144 SMA necessitate caution.

In conclusion, while short-term indicators show some potential for stabilization, the overall trend remains negative with ongoing selling pressure. Thus, the recommendation for ARB is to Hold, allowing for potential recovery while assessing further market developments before making any aggressive trading decisions.