Arbitrum (ARB) is currently trading at $0.127811, reflecting a 2.60% decrease in the last 24 hours. The daily price action has been confined within a range of $0.009085, with a high of $0.135888 and a low of $0.126803, indicating a lack of volatility in the short term.

The trading volume of 150,439,687 represents a 20.16% ratio of the market cap, suggesting healthy liquidity, although the price trend remains bearish. Moving averages indicate a consistent downward trajectory, with the 8 SMA at $0.1304 down 1.96% and the 144 SMA significantly lower at $0.1406, down 9.07%, reflecting broader market weakness over the longer term.

The RSI metrics show an oversold condition, with the 1-hour RSI at 24, signaling potential for a short-term rebound, while the 7-day RSI at 41 indicates continued weakness in momentum. Price changes over various timeframes further confirm a bearish trend, with a 7-day decline of 25.58%, 14-day at 31.48%, and a 30-day drop of 42.26%, emphasizing a significant downtrend.

The all-time high for ARB stands at $2.39, achieved in January 2024, which suggests that current levels are drastically lower and may attract long-term investors seeking value. However, the persistent negative momentum and lack of bullish indicators suggest caution for new positions.

Based on the analysis, a Sell rating is warranted. The bearish trend, confirmed by moving averages and RSI indicators, coupled with the recent significant price declines, indicates that further downside risk remains before a potential recovery can be established.