Share this article
ATOM Surges 3% Amid Volatile Session as Altcoin Season Beckons
Cosmos’ ATOM rose 3% in 24 hours, riding altcoin market momentum amid signs of a broader “altcoin season.”
Updated Jul 17, 2025, 3:10 p.m. Published Jul 17, 2025, 1:51 p.m.
Make us preferred on Google
What to know:
- Cosmos' ATOM token rose 3% in 24 hours, fueled by growing altcoin market momentum and signs of a potential "altcoin season."
- Shift away from EVM platform development bolstered Cosmos' focus on blockchain interoperability, strengthening its position as a standalone layer-1 and boosting investor confidence.
- Technical outlook shows price consolidation between $4.64 support and $4.87 resistance, with a breakout above $4.783 signaling bullish targets toward $5.00 and higher.
Cosmos' ATOM token rose by 3% over the past 24 hours as the altcoin market continues to heat up, with several indicators pointing towards a long-awaited "altcoin season."
ATOM displayed notable volatility on Thursday after its pivot away from its EVM platform development initiative, which was decided after analysis revealed fundamental misalignment with the project's primary blockchain interoperability objectives.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The move is seen to have strengthened Cosmos' position as a standalone layer-1 blockchain, spurring investors confidence.
A breakout above $4.783 would indicate a bullish resolution, with upside targets initially spanning to $5.00 and beyond.
Technical Indicators
- Price range: $4.62 - $4.88 representing 6% total volatility during 24-hour period.
- Volume spike: Above-average trading volume of 1,295,141 and 1,236,020 during peak movement hours.
- Support level: Strong buying interest emerged at $4.64-$4.67 range with consistent volume.
- Resistance zone: Volume-based resistance established around $4.87-$4.88 levels.
- Trading range: Current consolidation between $4.64 support and $4.87 resistance.
- Midpoint bias: Price maintains above $4.75 midpoint indicating neutral to bullish sentiment.
- Intraday recovery: Sharp selloff to $4.74 followed by robust recovery above $4.79 resistance.
- Volume confirmation: Exceptional volume of 66,331 units during correction phase validates support test.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Crypto ETFs with staking can supercharge returns but they may not be for everyone
From yield potential to custody risks, here’s how direct ETH and staking funds compare for different investor goals.
What to know:
- Investors can now choose between owning ether directly or buying shares in a staking ETF that earns rewards on their behalf.
- While staking ETFs offers yield, they come with risks and less control than holding ETH in an exchange or wallet.
- Grayscale’s Ethereum staking ETF recently paid $0.083178 per share, yielding $3.16 in rewards on a $1,000 investment.
Top Stories
