Market Momentum Shifts: Crypto Asset Shows Unprecedented Growth with Network Upgrades and Institutional Interest

Cosmos (ATOM) Gains Momentum with Key Network Upgrades and Institutional Interest

In a remarkable turn of events, Cosmos (ATOM) has been making headlines as the crypto market’s dark horse. The recent network upgrade and pivot to Inter-Blockchain Communication (IBC) protocol have solidified its position as a leader in blockchain interoperability.

Cosmos’ decision to abandon Ethereum Virtual Machine (EVM) development in favor of the IBC protocol has garnered widespread praise from the community, sending shockwaves through the market. This strategic shift is expected to attract projects seeking seamless communication and cooperation among different blockchain networks.

As we dive deeper into this article, we will explore the recent events that have catapulted ATOM’s price to a record-breaking high of $5.04.

July 17, 2025: Cosmos Network Upgrade

The Cosmos (ATOM) network upgrade, implemented at block height 26,659,700, marks an essential step in enhancing the blockchain’s performance and scalability. Although the immediate impact on the price appears neutral, this upgrade underscores Cosmos’ commitment to technical excellence and long-term ecosystem development.

July 16, 2025: Focus on Interoperability Over EVM

Cosmos executives announced a strategic shift away from Ethereum Virtual Machine (EVM) development to prioritize IBC protocol. This move enables Cosmos to solidify its position as the “Internet of Blockchains,” aiming to draw in projects valuing seamless interoperability over Ethereum compatibility.

The market welcomed this decision, driving a 4% surge in ATOM’s price.

July 15, 2025: Institutional Adoption Drives Rally

Institutional interest in cryptocurrencies, particularly from Wall Street, has amplified Cosmos’ momentum. The combined effect of network upgrades, stablecoin adoption, and institutional backing has fueled a 10.31% increase in price, placing ATOM among the best-performing assets this week.

We will take an exclusive look at the technical analysis of Cosmos (ATOM), providing valuable insights for traders and investors alike.

Current Price and Momentum

Current Price : $5.04
24h Change : +7.24%
52-Week Range : $3.58 – $10.39

ATOM’s current price has broken key resistance levels, indicating strong bullish momentum. The 24-hour volume of $14.28M reflects heightened market activity.

**Technical Analysis**

Moving Averages and Momentum Indicators
SMA (7) : $4.73
SMA (200) : $4.79
RSI (14) : 70.84 (Overbought)
MACD Histogram : 0.0780 (Bullish)

The RSI suggests overbought conditions, suggesting potential consolidation. However, the MACD and moving averages confirm a strong upward trend.

**Bollinger Bands**

Bollinger Bands : %B at 1.0075 indicates ATOM is trading near its upper band, a sign of bullish pressure.

Resistance : $5.04 (Immediate)
Support : $3.90

ATOM has successfully tested and surpassed its pivot level of $4.92, with $5.04 now acting as a critical resistance.

**Trading Strategy and Signals**

Short-Term Strategy
With RSI in overbought territory, traders should watch for potential pullbacks to $4.90-$4.95 for re-entry opportunities. Maintaining support above $3.90 is crucial for continued bullish momentum.

Long-Term Strategy

The strategic focus on IBC positions Cosmos as a unique player in the blockchain space, making it an attractive option for long-term holders. Accumulating ATOM during minor corrections could yield strong returns by year-end if institutional interest sustains its growth trajectory.

Source: Blockchain.News