Arbitrum (ARB) is currently trading at $0.131972, reflecting a 4.26% decline over the past 24 hours. The asset has fluctuated between a high of $0.13785 and a low of $0.124507 during this period, indicating a daily range of approximately 10% and suggesting significant volatility.

Trading volume stands at 175,429,690, representing a healthy 22.82% of its market cap, which indicates active market participation. However, the continuous downward price momentum is concerning, evidenced by the 7-day and 14-day price changes of -22.72% and -28.05%, respectively.

Technical indicators are showing bearish signals, with the hourly RSI at 33, indicating oversold conditions. The short-term moving averages (8, 13, 21, and 55 SMA) are all below the current price and are trending downwards, highlighting a bearish market sentiment.

Moreover, the 144 SMA at $0.1473 is significantly above the current price, which reflects a substantial resistance level that ARB must overcome. With the all-time high recorded at $2.39, ARB's current price suggests a drastic decline, making recovery prospects uncertain in the short term.

Given the ongoing bearish trends and lack of bullish momentum indicated by both volume and RSI levels, the recommendation for Arbitrum (ARB) is to Hold. Investors should monitor for signs of stabilization or upward momentum before considering any new positions.