Arbitrum (ARB) is currently priced at $0.222153, reflecting a 1.71% increase over the last 24 hours. The daily trading range has been relatively narrow, between $0.217323 and $0.224538, indicating low volatility, with a total trading volume of approximately $98.4 million, representing 7.88% of its market cap.

The short-term moving averages show a bullish inclination, with the 8, 13, and 21 SMA all trending upward, suggesting potential upward momentum. However, the 55 SMA is relatively flat, indicating a less aggressive bullish sentiment in the medium term, while the 144 SMA shows a stronger positive change of 5.14%, indicating longer-term bullish potential.

The 1-hour RSI at 46 indicates that ARB is approaching neutral territory, suggesting it is neither overbought nor oversold at this moment. The 7-day RSI at 57, along with a 10.06% increase over the past week, indicates a potential for continued short-term gains, although the 14-day price change shows a decline of nearly 7%, pointing to previous selling pressure.

In a broader context, ARB has experienced a significant decline of approximately 31.91% over the past month, which raises concerns about its overall strength. The all-time high of $2.39 remains a distant target, and current price action suggests that recovery toward that level will require sustained buying interest and broader market support.

Based on the current data, the recommendation for ARB is a Hold. The recent price movements show some short-term bullish indicators, but significant downward pressure over the past month and the distance from the all-time high suggest caution in initiating new positions. Investors should monitor for a break above recent highs to validate a bullish trend before considering a Buy.