Arbitrum (ARB) is currently trading at $0.106203, reflecting a 24-hour decline of 3.77%. The price has experienced a daily range between $0.105444 and $0.112306, indicating reduced volatility with a daily range of just 0.006862%.

The trading volume stands at approximately $89.24 million, representing 14.42% of the market cap, suggesting healthy trading activity relative to market size. However, the short-term moving averages indicate a bearish trend, with the 8 SMA at $0.1073 down by 1.01% and the 55 SMA showing a decline of 3.95%.

Momentum indicators are also showing weakness, with the 1-hour RSI at a low 28, indicating potential oversold conditions. The 7-day RSI is at 46, while the longer-term momentum indicators (14-day and 30-day price changes) highlight significant downtrends of 37.14% and 48.06%, respectively.

Fundamentally, ARB is far from its all-time high of $2.39 reached in January 2024, suggesting substantial downward pressure and loss of investor confidence. The consistent decline over the past month raises concerns about the asset's ability to recover in the near term.

Given the current technical indicators and the ongoing bearish sentiment, the recommendation is to Hold ARB. While the oversold RSI suggests a possible short-term rebound, the prevailing downward trends in both price and momentum indicators warrant caution before making any bullish moves.