Cosmos (ATOM) Remains Neutral%, Underperforms the Crypto Market Wednesday

Wednesday, April 20, 2022 01:19 PM | InvestorsObserver Analysts

Cosmos (ATOM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Content has declined 0% to $24.42.

InvestorsObserver is giving Cosmos a 31 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 31, placing it in the bottom 31% 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 good position going forward. With support near $23.93 and resistance near $24.79. This leaves 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.