Arbitrum (ARB) is currently priced at $0.14157, reflecting a significant decline of 8.36% over the past 24 hours. The daily trading range has been tight, with a low of $0.139222 and a high of $0.157355, indicating increased volatility but a downward trend in recent price action.

Volume stands at 123,858,184, which corresponds to 15.05% of its market cap, suggesting robust trading activity despite the price drop. The hourly moving averages indicate a bearish trend, with the 8 SMA at $0.1522 and the 55 SMA at $0.1568, all showing negative percentages that reinforce the downward momentum.

The 1-hour RSI is critically low at 6, suggesting that ARB is deeply oversold in the short term, which could lead to a potential rebound. However, the 7-day RSI at 38 shows that momentum remains weak, and the longer-term trend is concerning, with 14-day and 30-day price changes of -36.07% and -27.17% respectively.

Fundamentally, ARB has lost substantial value since its all-time high of $2.39 in January 2024, which adds to the bearish sentiment surrounding the asset. Given the current technical indicators and market conditions, the overall sentiment remains negative, with recent price action showing no clear signs of recovery.

In summary, while ARB appears oversold in the short term, the lack of bullish momentum and persistent downward trends indicate a challenging environment for buyers. Thus, the rating is a Sell, as the risks outweigh potential short-term gains based on the current data and analysis.