Arbitrum (ARB) is currently trading at $0.092441, reflecting a 24-hour decline of 1.31%. The daily price range has been narrow, with a high of $0.093913 and a low of $0.090108, indicating low volatility in recent trading sessions.

The trading volume stands at 73,822,582, representing a relatively high volume-to-market cap ratio of 13.71%. This suggests active trading interest, though the negative price action may point to bearish sentiment as the 7-day RSI is at 41, approaching oversold conditions.

The short-term moving averages indicate mixed signals; the 8 SMA and 13 SMA show minor upward trends, while the 55 SMA is down by 0.54%. In contrast, the 144 SMA indicates a more significant downward trend at -4.84%, suggesting that longer-term momentum is weakening.

Over the last week, ARB has seen a price drop of approximately 18.39%, and over the past month, the decline is even steeper at 44.17%. The asset is significantly below its all-time high of $2.39, indicating a major downtrend that investors should carefully consider.

Given the current technical indicators, including the RSI and moving averages, ARB is exhibiting signs of short-term stabilization but overall bearish momentum persists. Therefore, the recommendation is to Hold ARB at this stage, monitoring for potential reversal signals or additional support levels in the near future.