Arbitrum (ARB) is currently trading at $0.113608, reflecting a significant 24-hour decrease of 5.36%. The trading range has been tight, with a high of $0.122013 and a low of $0.113411, indicating limited volatility amidst the downward pressure.

Volume stands at 74,702,012, representing 11.31% of its market capitalization, which suggests active trading but may also indicate selling pressure as the price declines. The hourly moving averages show a bearish trend, with the 8 SMA at $0.1157 and the 13 SMA at $0.1173, both reflecting negative momentum over the short term.

The 1-hour RSI is notably low at 24, suggesting that ARB is currently in oversold territory and may face potential price reversals in the near term. However, the 7-day RSI is neutral at 50, indicating that the asset is neither overbought nor oversold in a broader context.

From a longer-term perspective, ARB has declined 1.58% over the past week and 17.06% over the past 14 days, indicating ongoing bearish sentiment. A staggering 44.89% decline over the past month highlights significant weakness, particularly when compared to its all-time high of $2.39, reached earlier this year.

Given the current price action, oversold conditions on the short-term RSI, and the potential for a bounce-back, a cautious Buy rating is appropriate. However, traders should monitor for further confirmation of upward momentum before making significant investments, as ongoing bearish trends are evident in the longer timeframes.