Arbitrum (ARB) is currently priced at $0.184526, reflecting a 24-hour decrease of 5.49%. The daily trading range has been narrow, with a high of $0.195241 and a low of $0.182698, indicating a subdued market sentiment and potential selling pressure.

The volume of 112,263,043 suggests active trading, but the volume-to-market cap ratio of 10.48% indicates that the market is not very liquid, potentially leading to higher volatility. Short-term moving averages show bearish momentum, with the 8 SMA at $0.1878 and the 13 SMA at $0.1889, both declining, while longer-term averages (21 SMA at $0.1905, 55 SMA at $0.1974, and 144 SMA at $0.2069) also confirm a downtrend.

The 1-hour RSI at 25 suggests the asset is oversold, indicating potential for a short-term bounce, but the 7-day RSI at 41 signals persistent bearish conditions. Price changes over the past week (-14.69%) and two weeks (-14.21%) further reinforce the ongoing downtrend, though the 30-day change shows relative stability.

Given the current technical indicators, including bearish moving averages and RSI readings, along with a significant gap from the all-time high of $2.39, the outlook remains cautious. Therefore, a Hold rating is recommended, as the asset may consolidate further before a potential recovery, with the risk of continued downward movement if market conditions do not improve.