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Cosmos (ATOM) Down 0% Tuesday: What’s Next?

Cosmos (ATOM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Content has declined 0.38% to $12.92.

InvestorsObserver is giving Cosmos a 25 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 25, placing it in the bottom 25% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won’t make or break its rank. 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 well positioned going forward. With support set at $12.67 and resistance set at $13.31. 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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