Arbitrum (ARB) is currently trading at $0.136322, reflecting a slight decline of 0.73% over the past 24 hours. The daily trading range has been relatively tight, with a high of $0.140095 and a low of $0.12965, suggesting a lack of volatility in the short term.

The trading volume stands at 160,992,267, which represents 20.27% of the market cap, indicating robust market activity relative to its overall size. The hourly moving averages show mixed signals: the 8 SMA and 13 SMA are slightly bearish, while the 21 SMA is marginally bullish, reflecting indecision among traders.

Momentum indicators present a contrasting picture; the 1-hour RSI is at 55, suggesting neutral momentum, whereas the 7-day RSI at 37 indicates oversold conditions. The price has seen significant declines over longer timeframes, with a 7-day drop of nearly 20% and a 30-day decline of over 35%, highlighting a bearish trend.

Arbitrum's all-time high of $2.39 remains a distant target, and the current price is significantly below this level, indicating a substantial decline from its peak. The persistent downward pressure and the recent price action suggest that a recovery is not yet in sight, especially with the longer-term indicators showing continued weakness.

Given the combination of bearish price action, weak momentum indicators, and significant losses over multiple timeframes, the recommendation is to sell. This rating is based on the current market dynamics and the technical indicators that do not suggest a reversal in the near term.