Arbitrum (ARB) is currently priced at $0.137163, reflecting a significant decline of 11.25% over the past 24 hours. The daily trading range has been narrow, with a high of $0.15516 and a low of $0.133374, indicating heightened volatility within a constrained price band.

The trading volume stands at approximately 200.81 million, representing 25.09% of its market cap, which suggests increased selling pressure. Short-term moving averages indicate bearish momentum; the 8 SMA is at $0.1445, down 5.11%, while longer-term averages show deeper declines, such as the 144 SMA at $0.1634, down 16.08%.

The 1-hour RSI is critically low at 11, indicating an oversold condition and potential for a short-term rebound. Conversely, the 7-day RSI at 39 points to a bearish trend with room for further downside, particularly given the asset's 7-day price change of -22.17%.

Over the past 14 and 30 days, ARB has shown considerable weakness with price changes of -36.88% and -30.94%, respectively. This sustained downtrend, combined with the proximity to recent lows, suggests a lack of strong buying interest in the short to medium term.

Given the current technical indicators and the overarching bearish sentiment reflected in both the price action and RSI readings, ARB is positioned in a precarious state. The potential for a short-term bounce exists, but the lack of substantial support levels and declining moving averages indicate further downside risks are present.

Considering these factors, the recommendation for Arbitrum (ARB) is to Hold. While the asset is oversold and may see a brief recovery, the prevailing trend remains negative, and a more favorable entry point may emerge in the near future.