Arbitrum (ARB) is currently trading at $0.133889, reflecting a 24-hour decline of 2.04%. The price has fluctuated between a daily high of $0.136831 and a low of $0.124507, indicating a narrow daily range of 0.012324%, with a trading volume of approximately $174.2 million, contributing to a volume-to-market cap ratio of 22.33%.

Technical indicators show mixed signals; the 1-hour RSI is at 48, suggesting a neutral position, while the 7-day RSI at 39 indicates oversold conditions. Moving averages reveal short-term bullish sentiment with the 8 SMA and 13 SMA showing positive trends, but longer-term SMAs (55 and 144) reflect declining momentum, particularly the 144 SMA which is down 8.07%.

From a fundamental perspective, ARB has seen significant depreciation over the past month, with a price drop of 37.62% in the last 30 days and 28.30% over the past 14 days. The all-time high of $2.39 achieved in January 2024 remains a significant benchmark, indicating the asset has considerable room for recovery if market conditions improve.

Given the current technical indicators and significant recent downtrends, it is advisable to adopt a cautious stance on ARB. While the short-term moving averages suggest potential for a bounce, the overarching trend remains bearish, warranting a Hold rating until clearer signs of recovery and sustained upward momentum emerge.