Arbitrum (ARB) is currently trading at $0.184294, reflecting a slight 1.10% increase over the past 24 hours. The daily trading range shows a low of $0.182098 and a high of $0.191913, indicating a relatively narrow volatility period, with a daily range of 0.009815%.

The trading volume of 84,305,035 suggests moderate interest, contributing to a volume-to-market cap ratio of 8.00%. However, the moving averages indicate a bearish trend, with all relevant SMA values showing negative changes, particularly the 55 SMA at -1.57%, signaling a potential continuation of downward pressure.

The 1-hour RSI is at 31, entering oversold territory, while the 7-day RSI is at 49, suggesting a lack of strong momentum in either direction. Over the past week, ARB has dropped by 6.20%, and the 14-day and 30-day price changes of -15.21% and -9.05%, respectively, highlight a longer-term bearish trend.

Given the technical indicators, including consistently declining moving averages and a weak RSI, ARB appears to be under pressure. The price is significantly below its all-time high of $2.39, and the persistent downward momentum suggests that investors should exercise caution.

Based on this analysis, I recommend a Sell rating for ARB. The bearish technical indicators and recent price performance do not support a bullish outlook in the near term, making it prudent to exit positions until clearer signs of recovery emerge.