Arbitrum (ARB) is currently trading at $0.104365, reflecting a 4.06% increase over the last 24 hours. The daily price range has been between $0.095796 and $0.104633, indicating a relatively stable short-term movement with a daily range of 8.84%.

The trading volume stands at 93,556,120, with a volume-to-market cap ratio of 15.39%, suggesting healthy liquidity for ARB. Moving averages indicate a bullish trend, with the 8 SMA showing a 3.03% increase and the 144 SMA indicating a stronger 8.40% gain, supporting short-term upward momentum.

The one-hour RSI at 93 indicates an overbought condition, suggesting potential short-term price corrections may occur soon. In contrast, the 7-day RSI at 50 reflects a neutral stance, while the 14-day price change shows a decline of 4.16%, highlighting mixed sentiment in the mid-term.

Despite the current bullish trend, the 30-day price change shows a significant decline of nearly 39%, indicating that ARB is recovering from a longer-term bearish phase. The all-time high of $2.39 from January 2024 remains a distant target, emphasizing the need for sustained upward momentum before approaching prior highs.

Considering the current technical indicators, the strong short-term performance contrasts with the longer-term downtrend. Therefore, the recommendation for ARB is to Hold, as short-term volatility may provide trading opportunities, but the overall trend requires cautious monitoring before committing to a buy.