Arbitrum (ARB) is currently trading at $0.203053, reflecting a significant 5.85% decrease over the past 24 hours. The price has fluctuated within a range of $0.199301 to $0.216672, indicating volatility but ultimately closing lower than previous sessions.

The trading volume stands at 118,678,713 ARB, representing 10.40% of its market cap, suggesting a moderately active trading environment. However, the hourly moving averages indicate a bearish trend, with the 8 SMA slightly positive at +0.07% while longer-term SMAs show losses, particularly the 55 SMA down by 5.98%.

The 1-hour RSI is critically low at 29, suggesting oversold conditions, while the 7-day RSI at 46 indicates a lack of momentum for a bullish reversal. The recent price performance over the past week shows a decline of 6.55%, though the 14-day price change is slightly positive at 1.09%, hinting at potential short-term recovery.

Despite these mixed signals, the longer-term outlook remains concerning with a 30-day price drop of approximately 24.37%. The all-time high of $2.39 from January 2024 feels distant, further emphasizing the need for significant price recovery to regain investor confidence.

Given the current bearish trend, low RSI readings, and substantial short-term losses, a cautious approach is warranted. Therefore, the rating for Arbitrum (ARB) is a Sell, as it is likely to face continued downward pressure in the near term.