Cosmos Hub (ATOM) is currently trading at $1.98, reflecting a 24-hour change of -2.99%. The asset has seen a daily range between $1.88 and $2.04, indicating low volatility with a daily range of just 0.16%.

Trading volume stands at approximately $59.8 million, representing 6.16% of its market cap, suggesting a moderate level of trading activity. The short-term moving averages (8 SMA and 13 SMA) are slightly positive, indicating minor bullish momentum, while the longer-term averages (55 SMA and 144 SMA) show a bearish trend, reflecting significant downward pressure.

The 1-hour RSI is at 66, which indicates a near-term overbought condition, while the 7-day RSI at 41 suggests that the asset is approaching oversold territory. This divergence indicates potential volatility in the short term, where a correction could occur following the recent price decline of 13.03% over the past week.

From a longer-term perspective, ATOM has seen price decreases of 21.07% over the past 14 days and 6.60% over the last 30 days, indicating a persistent downtrend. The substantial gap from its all-time high of $44.45 further emphasizes the challenges ATOM faces in regaining bullish momentum.

In summary, while there are some signs of short-term positivity in the moving averages, the overall trend remains bearish given the longer-term price declines and current RSI levels. Based on the technical indicators and recent performance, the recommendation is to Hold ATOM, as further price corrections may be imminent before a sustainable recovery is realized.