Cosmos (ATOM) Falls 0%, Underperforms the Crypto Market Friday

Friday, September 30, 2022 07:20 AM | InvestorsObserver Analysts

Cosmos (ATOM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Content has fallen 0.28% to $12.91.

InvestorsObserver is giving Cosmos a 51 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 51, placing it in the top 49% 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 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 well positioned going forward. With support at $12.55 and resistance around $13.12. 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.