Arbitrum (ARB) is currently priced at $0.202204, reflecting a 24-hour decline of 5.94%. The daily trading range has been between a high of $0.216932 and a low of $0.194604, indicating a relatively tight range of 0.022328%, with a significant trading volume of 300,210,803, contributing to a volume/market cap ratio of 26.56%.

Technical indicators show a bearish trend, as the hourly moving averages are predominantly negative, with the 8 SMA at $0.2035 (-0.64%) and the 55 SMA at $0.2188 (-7.57%). The 1-hour RSI sits at 53, suggesting neutral momentum, while the 7-day RSI of 43 indicates potential oversold conditions, indicating weakness in the short-term price action.

In terms of longer-term performance, ARB has experienced substantial declines over the past 7 days (-16.74%), 14 days (-34.48%), and 30 days (-33.02%). The all-time high of $2.39, achieved in January 2024, represents a significant distance from the current price, suggesting that ARB is currently trading at a considerable discount but also raises concerns about the sustainability of previous highs.

Given the current negative price momentum and substantial declines over multiple time frames, the risk-reward ratio does not favor immediate bullish positions. Therefore, the recommendation is to Hold ARB, as potential for short-term recovery exists but is contingent on stabilization above the key support levels identified around the recent lows.