Arbitrum (ARB) is currently trading at $0.290779, reflecting a 2.93% increase over the last 24 hours. The asset has experienced a daily high of $0.292627 and a low of $0.281532, indicating a daily range of approximately 3.91%, which suggests moderate volatility.

The trading volume of ARB stands at 85,892,061, contributing to a market cap volume ratio of 6.40%. This relatively high volume indicates healthy trading activity, which can support price movements and investor interest.

Analyzing the hourly moving averages reveals a bullish short-term trend with the 8 SMA at $0.2896 and the 13 SMA at $0.2890, both showing positive momentum. However, the longer-term moving averages, particularly the 144 SMA at $0.2919, indicate some resistance as it has a slight negative change of -0.37%.

The 1-hour RSI is at 67, suggesting that ARB is approaching overbought territory, while the 7-day RSI of 46 indicates that it is closer to neutral, reflecting indecision in the mid-term. The 7-day and 14-day price changes are negative at -1.55% and -7.26%, respectively, highlighting a bearish trend over the past two weeks.

Despite the recent short-term gains, ARB's 30-day price change is notably negative at -24.15%, indicating a significant decline and potential weakness in the asset. The all-time high of $2.39 from January 2024 highlights the asset's historical volatility and potential for recovery but also emphasizes the distance from its peak.

Given the mixed signals from both the short-term bullish momentum and longer-term bearish trends, the recommendation is to Hold ARB. The current price level, combined with increasing volume and short-term technical indicators, suggests potential for further upward movement, but caution is warranted due to longer-term declines and resistance levels.