Arbitrum (ARB) is currently trading at $0.196754, experiencing a marginal decline of 0.11511% over the last 24 hours. The daily price range has been tight, with a high of $0.198722 and a low of $0.192879, indicating limited volatility in the recent trading session.

Volume has reached approximately 58.36 million ARB, contributing to a volume-to-market cap ratio of 5.19%. The hourly moving averages show a slight bullish sentiment, with the 8 SMA at $0.1947 (+1.08%) and the 55 SMA at $0.1942 (+1.33%), suggesting short-term upward momentum.

The 1-hour RSI stands at 50, indicating a neutral market condition, while the 7-day RSI at 54 reflects moderate bullish sentiment. However, the 14-day and 30-day price changes are negative, at -5.66% and -9.45%, respectively, signaling a longer-term bearish trend.

Despite the recent negative trends, the price is still significantly below its all-time high of $2.39 reached in January 2024. The current price is approximately 91.77% lower than this peak, suggesting potential for growth if market conditions improve.

Given the mixed indicators and the overall bearish sentiment from longer-term price changes, the recommendation for ARB is a Hold. This stance allows for observation of potential reversals while avoiding exposure during uncertain market conditions.