Arbitrum (ARB) is currently trading at $0.109955, reflecting a 24-hour change of -1.81%. The price has experienced a daily range from a low of $0.10831 to a high of $0.112691, indicating limited volatility with a daily range of 0.004381%.

Trading volume stands at 72,315,346, representing a volume-to-market cap ratio of 11.29%. This level of trading activity suggests moderate interest in ARB, although the declining price trend may be a concern for traders looking for bullish signals.

Technical indicators reveal mixed signals. The hourly moving averages show a slight downtrend in the short term, with the 8 SMA at $0.1100 down 0.01% and the 21 SMA at $0.1101 down 0.17%. Conversely, the 55 SMA indicates a minor uptick at +0.54%, suggesting some potential support at the lower timeframe averages.

The Relative Strength Index (RSI) metrics present a nuanced picture; the 1-hour RSI is at 56, indicating bullish momentum, while the 7-day RSI at 47 is nearing the neutral threshold. However, the longer-term RSI metrics, particularly the 14-day change at -27.90% and the 30-day change at -50.70%, highlight significant bearish momentum and suggest ongoing selling pressure.

In terms of price action, ARB is well below its all-time high of $2.39, reached on January 12, 2024. This steep decline from the all-time high underscores the urgency for a reversal in sentiment and price recovery for ARB to regain investor confidence.

Given the current technical and fundamental data, the recommendation is to Hold ARB. The presence of short-term bullish indicators paired with substantial bearish pressure in the longer term suggests a cautious approach. Investors should monitor for potential upward momentum before committing further capital, as the market may still be susceptible to additional downward movements.