Arbitrum (ARB) is currently trading at $0.109559, reflecting a slight decline of 0.70% over the past 24 hours. The daily trading range has been between $0.108411 and $0.111793, indicating a low volatility environment, with a 24-hour trading volume of approximately $72.4 million, representing 11.33% of its market capitalization.

Technical indicators show a mixed picture; the 1-hour RSI is at 53, suggesting neutral momentum, while the 7-day RSI at 44 indicates potential oversold conditions. Moving averages also paint a bearish short-term outlook, with the 55 SMA at $0.1124 and the 144 SMA at $0.1157 reflecting declines of 2.50% and 5.31%, respectively, which may act as resistance levels if upward momentum resumes.

Fundamentally, ARB has experienced a significant downturn over longer time frames, with the 7-day price change at -16.87%, the 14-day at -35.91%, and the 30-day at -47.48%. This prolonged selling pressure may suggest a broader bearish sentiment, especially given that the asset is trading significantly below its all-time high of $2.39.

Given the current price action, lack of bullish momentum, and negative price trends over multiple time frames, a cautious approach is warranted. Therefore, the recommendation is to Hold ARB at this juncture, monitoring for signs of stabilization or reversal in the upcoming sessions before considering further action.