Cosmos Hub (ATOM) is currently priced at $2.20, reflecting a significant decline of approximately 9.48% over the last 24 hours. The daily trading range has been relatively narrow, with a high of $2.43 and a low of $2.16, indicating potential volatility but limited upside momentum.

Trading volume stands at around 65.35 million, with a volume-to-market cap ratio of 6.21%, suggesting moderate trading activity relative to its market capitalization. The short-term hourly moving averages are showing bearish signals, with the 8 SMA at $2.23 (down 1.22%), the 13 SMA at $2.25 (down 2.04%), and the 21 SMA at $2.27 (down 3.16%).

Momentum indicators confirm bearish sentiment, as the 1-hour RSI is at 33, indicating oversold conditions. Furthermore, the 7-day RSI of 41 suggests that there is still room for further declines, while the 7-day price change is down approximately 10.72%, with even larger losses over the 14-day and 30-day periods at 21.12% and 27.56%, respectively.

The all-time high of $44.45 reached on January 17, 2022, underscores the current price's significant depreciation and highlights the long-term bearish trend. Despite recent price action, technical indicators suggest that ATOM may not find a solid support level until it approaches the lower bounds of its recent trading range.

Considering the current price action, bearish momentum, and lack of immediate support, the recommendation is to Sell ATOM. This decision is based on the prevailing downward trends and the failure to establish a recovery pattern in both short-term and long-term time frames.