The post Cosmos (ATOM) Surges 10% on IBC Protocol Focus and Institutional Interest appeared on BitcoinEthereumNews.com.

Rebeca Moen
Jul 21, 2025 02:20

ATOM price hits $5.13 (+2.60% today) as Cosmos shifts strategy to blockchain interoperability while institutional adoption drives weekly gains above 10%.

Quick Take • ATOM currently trading at $5.13 (+2.60% in 24h) • ATOM RSI at 71.33 signals overbought conditions near resistance • Strategic pivot to IBC protocol and institutional adoption fuel weekly 10.31% rally What’s Driving Cosmos Price Today? The ATOM price surge continues building momentum from last week’s institutional adoption wave, with Wall Street’s growing cryptocurrency interest specifically amplifying Cosmos’ appeal. This institutional backing has proven to be the primary catalyst behind ATOM’s impressive 10.31% weekly performance, demonstrating sustained confidence in the project’s long-term vision. Cosmos executives made a strategic announcement on July 16th, shifting development focus away from Ethereum Virtual Machine (EVM) compatibility toward enhancing the Inter-Blockchain Communication (IBC) protocol. This pivot represents a significant strategic realignment that positions Cosmos to strengthen its core competitive advantage in blockchain interoperability rather than competing directly in the crowded EVM space. The network upgrade implemented on July 17th at block height 26,659,700 has enhanced performance and scalability, though its immediate market impact appears neutral. The recent community call provided additional transparency around these developments, helping maintain stakeholder confidence during this strategic transition period. Cosmos Technical Analysis: Bullish Signals Emerge Cosmos’s daily RSI at 71.33 indicates ATOM has entered overbought territory, suggesting potential short-term consolidation despite the strong bullish momentum. The ATOM RSI reading above 70 typically signals that buying pressure may be reaching unsustainable levels, warranting caution for new entries at current levels. ATOM’s MACD presents a compelling bullish picture with the main line at 0.2385 significantly above the signal line at 0.1646, while the histogram value of 0.0739 confirms strengthening upward momentum. This Cosmos technical…

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Filed under: News - @ July 21, 2025 2:25 am