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Cosmos (ATOM) Falls 0.06%, Underperforms the Crypto Market Saturday

Saturday, April 30, 2022 02:54 PM | InvestorsObserver Analysts
Cosmos (ATOM) Falls 0.06%, Underperforms the Crypto Market Saturday

Cosmos (ATOM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Content has fallen 6.34% to $18.41.

volatility - 28
InvestorsObserver is giving Cosmos a 28 Volatility Rank. Find out what this means to you and get the rest of the rankings on Cosmos!

Moderately Volatile

InvestorsObserver gives Cosmos a moderate volatility rank of 28, placing it in the bottom 28% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. ATOM's moderate volatility reading pairs 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 favorable position going forward. With support set at $17.5 and resistance near $19. 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.

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