Cosmos (ATOM) Rises 5.51%, Outperforms the Crypto Market Wednesday

Wednesday, August 10, 2022 01:47 PM | InvestorsObserver Analysts

Cosmos (ATOM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Content has advanced 5.51% to $11.83.

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

The Volatility Gauge takes into account meaning that one day won't make or break its rank. ATOM's moderate volatility reading comes 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 near resistance. With support at $10.83 and resistance around $11.9. This positions Cosmos with potential selling pressures ahead as it may be getting over extended.

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.