Arbitrum (ARB) is currently priced at $0.093829, showing a significant decline of 7.90% over the last 24 hours. The daily trading range has been tight, with a low of $0.093055 and a high of $0.10188, indicating a bearish sentiment in the short term.

The trading volume stands at approximately 134.7 million ARB, reflecting a Vol/Market Cap ratio of 24.69%, which suggests moderate liquidity but also potential volatility. The hourly moving averages indicate a downward trend, with the 8 SMA at $0.0963 showing a decline of 2.55% and the longer 55 SMA down 10.07%, reinforcing a bearish market structure.

The Relative Strength Index (RSI) metrics are concerning, with the 1-hour RSI at 29 and the 7-day RSI at 37, both indicating oversold conditions. The price has declined significantly over various timeframes, with a 7-day price change of -15.41%, a 14-day change of -16.25%, and a staggering 30-day change of -48.03%, which suggests a prolonged downtrend.

Given the proximity to the all-time high of $2.39, the current price reflects a substantial drawdown, indicating that ARB is trading at a significant discount relative to its historical performance. However, the persistent bearish indicators and low RSI levels suggest a lack of immediate upward momentum.

In conclusion, the technical indicators and fundamental data portray a bearish outlook for Arbitrum (ARB). Therefore, the recommendation is to Hold at this time, as further price stabilization and potential reversal patterns need to develop before considering a Buy position.