Cosmos (ATOM) Falls 0.03%, Underperforms the Crypto Market Wednesday

Wednesday, January 19, 2022 06:31 AM | InvestorsObserver Analysts

Cosmos (ATOM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Content has declined 2.86% to $36.45.

InvestorsObserver is giving Cosmos a 37 Volatility Rank. Find out what this means to you and get the rest of the rankings on Cosmos!

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Moderately Volatile

InvestorsObserver gives Cosmos a moderate volatility rank of 37, placing it in the bottom 37% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. 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 in a good position going forward. With support around $34.61 and resistance set at $38.14. 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.