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Cosmos (ATOM) Rises 2.79%, Outperforms the Crypto Market Sunday

Sunday, September 04, 2022 06:00 PM | InvestorsObserver Analysts
Cosmos (ATOM) Rises 2.79%, Outperforms the Crypto Market Sunday

Cosmos (ATOM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Content has increased 2.79% to $12.87.

volatility - 45
InvestorsObserver is giving Cosmos a 45 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 45, placing it in the bottom 45% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. ATOM's moderate volatility reading is paired 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 trading above resistance. With support at $12.19 and resistance around $12.84. This leaves Cosmos out of range and potentially in a volatile position if the rally burns out.

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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