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Cosmos (ATOM) Up 5.54% Sunday: What’s Next?

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Sunday, January 29, 2023 03:56 PM | Investors Observer Analysts

Cosmos (ATOM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Content has advanced 5.54% to $13.86.

volatility - 28
InvestorsObserver is giving Cosmos a 28 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 28, placing it in the bottom 28% of cryptos on the market.

The Volatility Gauge tracks 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 trading above resistance. With support around $12.85 and resistance near $13.63. This positions 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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