Arbitrum (ARB) is currently priced at $0.193241, experiencing a significant 24-hour decline of 10.31%. The price has fluctuated between a high of $0.220581 and a low of $0.18925 in the last 24 hours, indicating high volatility with a daily range of approximately 13.3%.

Trading volume stands at 186,083,604 ARB, representing a volume-to-market cap ratio of 16.52%, which suggests a relatively active market. The moving averages indicate a bearish trend, with the 8 SMA at $0.1922 showing a slight increase, while longer-term SMAs are declining, reflecting a loss of momentum in the price action.

The 1-hour RSI is alarmingly low at 14, suggesting that ARB is heavily oversold in the short term. Meanwhile, the 7-day RSI at 45 indicates the asset is approaching neutral territory, while recent price changes over 7 days and 14 days (-5.49% and -10.81% respectively) show a consistent downward trend.

Despite a marginal increase of 1.67% over the last 30 days, the overall sentiment remains negative due to the recent sharp decline. The all-time high of $2.39 achieved in January 2024 highlights the potential for significant upward movement if the market conditions improve, but current performance reflects a lack of bullish momentum.

Given the current technical indicators, particularly the oversold condition reflected in the RSI and the downward trend in moving averages, the recommendation is to Hold ARB. This approach allows for potential recovery while avoiding additional losses in the event of further declines. A cautious stance is warranted until a clearer bullish signal emerges from the market.