Arbitrum (ARB) is currently trading at $0.140976, experiencing a significant 24-hour decline of 8.14%. The price has fluctuated between a high of $0.153878 and a low of $0.133374, indicating heightened volatility with a daily range of 0.020504%.

Volume for the past 24 hours stands at 217,421,177 ARB, equating to a market cap volume ratio of 26.47%. This suggests a healthy trading activity relative to market capitalization, which may indicate investor interest even amidst price declines.

Short-term moving averages show a bearish trend; the 8 SMA is at $0.1375 with a slight uptick of 2.51%, while the 13 SMA is at $0.1413, down 0.24%. The 21 SMA and 55 SMA show larger declines, with the 21 SMA at $0.1457 (-3.23%) and the 55 SMA at $0.1517 (-7.08%), suggesting resistance levels are weakening.

The 1-hour Relative Strength Index (RSI) is at 30, indicating that ARB is in oversold territory, which could imply a potential price rebound in the short term. However, the 7-day RSI at 40 suggests continued bearish momentum, as does the 7-day price change of -19.30% and the 14-day change of -34.17%.

Historically, ARB's all-time high of $2.39 on January 12, 2024, shows significant room for growth but also highlights the volatility it can exhibit. The recent downward trend over 30 days (-29.68%) underscores a challenging market environment for ARB.

Given the current oversold conditions and significant resistance levels above the current price, the outlook remains cautious. A short-term rebound could occur due to the oversold RSI, but the overarching trend indicates continued bearish pressure.

Rating: Hold. The data indicates potential for a short-term recovery, but the broader trend remains negative, warranting a cautious approach. Further confirmation of a reversal is needed before making a buy decision.