Cosmos (ATOM) has been relatively less volatile compared to other cryptocurrencies. So far this Monday, content has advanced 8.26% to $ 37.81.
Low volatility
Observer Investors gives Cosmos a low volatility range of 23, placing it in the bottom 23% of cryptocurrencies on the market.
The volatility indicator tracks, which means that one day it will neither achieve nor break its range. ATOM's low volatility reading is paired with a low reading on the risk / reward indicator, which means that the coin has relatively tight price swings and is well protected against price manipulation.
Cosmos price is trading above resistance. With support at $ 33.92 and resistance near $ 36.32. This leaves Cosmos out of range and potentially volatile if the rally dies down.
What is a coin?
A currency is a cryptocurrency that exists on its own blockchain. These are normally used for payments. Depending on the cryptocurrency, the use of those payments can range from general use in the Digital Money subclass to more specific uses in some other subclasses.
