Arbitrum (ARB) is currently trading at $0.113492, reflecting a slight decline of 1.18% over the past 24 hours. The asset has shown a daily trading range of $0.004671, with a high of $0.116773 and a low of $0.112102, indicating a narrow range of price fluctuations.

The volume stands at approximately $58.44 million, contributing to a volume-to-market cap ratio of 8.84%. This suggests moderate trading activity, but it also indicates that the market may not be heavily influenced by retail trading at this point.

Analyzing the moving averages, the 8 SMA is at $0.1138 with a decrease of 0.28%, while the 13 SMA is slightly lower at $0.1143, down 0.71%. The 21 and 55 SMAs also reflect a downward trend, suggesting bearish momentum in the short to medium term.

The 1-hour RSI is currently at 36, indicating that ARB may be oversold in the short term. However, the 7-day RSI is more neutral at 54, reflecting a balanced outlook, but the 14-day price change shows a significant decline of approximately 16.01%, indicating bearish pressure over the last two weeks.

Fundamentally, the price is far below its all-time high of $2.39, achieved in January 2024, indicating substantial depreciation since then. This long-term downtrend is compounded by the 30-day price change of -47.17%, reflecting a lack of bullish sentiment.

In summary, while the short-term indicators suggest a potential for a small recovery given the oversold conditions, the overall trend remains bearish with significant losses in both the medium and long-term metrics. The technical and fundamental data combined suggest a Hold rating, as short-term traders may find opportunities for minor gains, but long-term investors should wait for clearer signs of a trend reversal before committing further capital.