Cosmos Hub (ATOM) is currently trading at $2.20, experiencing a 24-hour decline of 4.19%. The price has fluctuated between a high of $2.36 and a low of $2.20 during this period, indicating limited volatility with a daily range of just 0.16%.

Trading volume stands at approximately 61.9 million, contributing to a volume-to-market cap ratio of 5.83%. The hourly moving averages indicate a bearish trend, with the 8 SMA at $2.29 reflecting a decrease of 4.02%, and all other moving averages also showing negative trends.

The 1-hour RSI is at 34, suggesting that ATOM is nearing oversold territory, which may lead to a short-term price correction. In contrast, the 7-day RSI of 46 indicates that the asset is still in a weak momentum phase, compounded by a 7-day price change of -7.88% and a 14-day decline of -13.13%.

Over the past 30 days, ATOM has decreased by 28.20%, reflecting a significant bearish sentiment in the market. This sustained downtrend is further highlighted by the all-time high of $44.45 achieved in January 2022, emphasizing the current distance from peak performance.

Given the recent performance metrics and technical indicators, the outlook for ATOM remains bearish in the short to medium term. The combination of negative price momentum and lack of bullish signals suggests that investors should refrain from entering new positions at this time.

Therefore, the recommendation for Cosmos Hub (ATOM) is to Hold. This strategy allows for potential recovery if the asset shows signs of reversing its downward trend, while avoiding additional losses in the current market environment.