Arbitrum (ARB) is currently priced at $0.202453, reflecting a 6.34% increase over the last 24 hours. The trading activity has seen a daily range of $0.013337, with a high of $0.203726 and a low of $0.190389, indicating solid short-term volatility.

The volume of 97,579,416 ARB corresponds to a market cap volume ratio of 8.43%, suggesting robust trading activity relative to its market capitalization. The hourly moving averages indicate a bullish trend, particularly the 55 SMA at $0.1923, showing a 5.25% increase, signaling strong upward momentum.

The 1-hour RSI is at 64, which suggests a near-overbought condition, while the 7-day RSI at 54 indicates a neutral stance. Short-term price changes are positive, with a 7-day increase of 5.38% and a 14-day increase of 8.60%, although the 30-day change shows a decline of 6.00%, highlighting some potential short-term weakness.

Despite recent fluctuations, ARB remains significantly below its all-time high of $2.39, suggesting substantial room for recovery. This divergence indicates a potentially undervalued asset in the current market environment, especially with positive trading momentum and RSI readings.

In conclusion, the combination of recent price increases, strong moving averages, and favorable trading volume points to a bullish outlook for Arbitrum. Therefore, the recommendation is a Buy, as the current technical indicators and price movements support further upside potential in the near term.