Cosmos Hub (ATOM) is currently priced at $2.52, reflecting a significant 24-hour decline of 10.23%. The asset has seen a daily trading range between $2.49 and $2.82, indicating a lack of upward momentum as it approaches the lower end of this range.

Volume stands at approximately 102.39 million, which corresponds to 8.48% of its market capitalization. This relatively high volume in a declining market suggests increased selling pressure, contributing to the downward trend observed over the last week, where ATOM has lost 12.01%.

From a technical perspective, the hourly moving averages indicate bearish momentum, with the 8 SMA at $2.56 showing a decline of 1.67%. Additionally, longer-term moving averages exhibit more pronounced drops, particularly the 144 SMA at $2.78, reflecting a 9.25% decrease, reinforcing the bearish sentiment.

The Relative Strength Index (RSI) readings further support this bearish outlook, with a 1-hour RSI at 27 indicating oversold conditions and a potential for short-term rebounds. However, the 7-day RSI at 45 indicates that the asset is still in a neutral position, suggesting that further declines may occur before a recovery takes place.

ATOM's performance over the past 30 days shows a significant decline of 19.53%, highlighting sustained weakness in the market. This trend is coupled with a failure to approach its all-time high of $44.45, achieved in January 2022, emphasizing the long-term bearish outlook.

Given the current technical indicators, market sentiment, and declining price trends, the recommendation for ATOM is to Sell. The combination of high selling pressure, bearish moving averages, and overextended declines suggests that further losses could materialize in the near term, making it an unfavorable time for buyers.