Cosmos (ATOM) Falls 0.02%, Underperforms the Crypto Market Monday

Monday, August 15, 2022 02:53 PM | InvestorsObserver Analysts

Cosmos (ATOM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Content has fallen 1.7% to $11.43.

InvestorsObserver is giving Cosmos a 45 Volatility Rank. Find out what this means to you and get the rest of the rankings on Cosmos!

See Full Report

Moderately Volatile

InvestorsObserver gives Cosmos a moderate volatility rank of 45, placing it in the bottom 45% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. ATOM's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Cosmos price is favorably positioned going forward. With support set at $11.11 and resistance at $11.76. This positions Cosmos with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.