ATOM roseate by 4% connected Wednesday aft Cosmos executives terminated EVM improvement to ore connected blockchain interoperability by advancing its ain IBC protocol.
The quality was met good by investors arsenic it sees Cosmos widen its presumption arsenic a standalone blockchain with its ain tech stacks it tin trust on.
The wider marketplace is besides up connected Wednesday arsenic investors statesman to question whether the marketplace is entering a long-awaited "altcoin season," with a fig of information points suggesting superior is shifting from BTC to altcoins similar ATOM.

Technical Breakout Signals Bullish Reversal
- ATOM-USD surged 4% successful 24-hour trading from July 15 16:00 to July 16 15:00, breaking done absorption astatine $4.69 to deed $4.71 highs.
- The token bounced sharply from $4.55 support, posting a $0.17 trading scope that represents important volatility enlargement from caller sessions.
- Volume spiked supra regular averages during the $4.55 reversal and $4.69 breakout, confirming organization buying involvement astatine cardinal method levels.
- Intraday enactment from July 16 14:33 to 15:32 shows continued momentum with $0.05 scope betwixt $4.66-$4.71 enactment and absorption zones.
- ATOM broke higher astatine 14:45, hitting league peaks adjacent 15:04 connected measurement exceeding 66,000 units earlier consolidating astir $4.69.
- The 1% hourly summation extends the 24-hour rally, with terms holding supra $4.66 enactment signaling sustained organization accumulation.
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