Arbitrum (ARB) is currently priced at $0.166192, reflecting a 24-hour decrease of 2.91%. The daily trading range is tight, with a high of $0.172527 and a low of $0.165142, indicating a bearish short-term sentiment as prices hover near the lower end of this range.

Volume stands at approximately 95.6 million, contributing to a market cap volume ratio of 9.90%. This relatively moderate trading volume suggests a lack of strong buying interest, which may limit upward momentum in the near term.

Technical indicators reveal a concerning trend, with all short-term moving averages (8, 13, 21, and 55 SMA) showing negative changes ranging from -1.73% to -2.08%. Furthermore, the RSI readings reflect weakness, with a 1-hour RSI of 40 and a 7-day RSI of 45, both indicating potential oversold conditions but not yet signaling a strong reversal.

On the fundamental side, ARB has experienced significant price declines over the past week (-9.88%), 14 days (-22.09%), and 30 days (-12.44%), pointing to a sustained downtrend. The stark contrast between the current price and its all-time high of $2.39 suggests a substantial loss of investor confidence and potential market overextension.

Given the combination of negative short-term price action, unfavorable technical indicators, and the absence of strong buying volume, a cautious approach is warranted. The current market conditions do not support a bullish outlook, leading to a Sell rating on ARB until clearer signs of a reversal emerge.