Arbitrum (ARB) is currently trading at $0.109307, reflecting a slight decline of 0.43% over the past 24 hours. The daily trading range is narrow, with a high of $0.115142 and a low of $0.108411, indicating low volatility in the short term.

The trading volume stands at approximately 91.2 million, with a volume-to-market cap ratio of 14.32%, suggesting moderate trading activity relative to its market capitalization. Technical indicators show bearish momentum, with the 1-hour RSI at 29, indicating that ARB is nearing oversold territory, while the 7-day RSI at 42 suggests potential weakness in momentum.

Looking at the moving averages, the 8 SMA is at $0.1095, indicating a marginally negative trend, while the longer-term averages show more significant declines, with the 144 SMA at $0.1175 down 6.94%. This trend suggests that ARB may continue to face selling pressure in the short to medium term.

From a fundamental perspective, ARB has experienced significant price declines over various time frames, with the 7-day, 14-day, and 30-day changes at -19.44%, -34.95%, and -47.86%, respectively. This price erosion reflects broader market trends and investor sentiment, indicating caution among traders.

In summary, while the current price shows potential for a minor rebound given the low RSI readings, the overall bearish trend and significant declines in recent weeks present a challenging outlook. Therefore, I recommend a Sell rating for ARB at this time, as the risk of further declines outweighs potential upside in the near term.