Cosmos Hub $ATOM Shows Potential for Long-Term Entry Amid Recent Corrections

I see that Cosmos Hub ($ATOM) is currently trading at around $4.13, which is significantly below its all-time high of nearly $44.45. Over the past week, $ATOM has declined by about 13.37%, and in the last 24 hours, it has slightly decreased by 0.89%. Despite this, there's a 1.79% increase in the past hour, indicating some short-term momentum. The overall market cap of $1.90 billion and a 24-hour trading volume of $104.28 million signal active trading activity and investor interest. However, given the substantial decline from its peak, the token appears to be in a bearish correction phase. The price volatility seen in recent periods suggests caution. Cosmos ($ATOM) is integral for blockchain interoperability and scalable decentralized applications, which are highly relevant themes in the current crypto landscape. The recent price dips could present an entry opportunity for long-term investors who believe in Cosmos's ecosystem and upcoming developments. Conversely, traders should remain cautious due to the persistent downtrend and market volatility.