Altcoin Season Nears as ATOM Climbs 3% in Volatile Trading -

ATOM Rises 3% as Cosmos Reaffirms Core Strategy and Altcoin Momentum Builds

Cosmos’ native token ATOM climbed 3% over the past 24 hours, fueled by rising altcoin market enthusiasm and renewed investor confidence in the network’s long-term vision.

The price action followed Cosmos’ decision to step away from its EVM-compatible development initiative. The pivot, made after internal analysis revealed misalignment with Cosmos’ primary focus on blockchain interoperability, is being interpreted as a return to fundamentals. The move appears to have strengthened Cosmos’ positioning as a standalone layer-1 protocol—boosting sentiment among long-term holders.

Market and Technical Breakdown:

Daily Range: ATOM traded between $4.62 and $4.88, posting 6% intraday volatility
Volume Spikes: Trading activity surged during peak hours, with 1.29M and 1.23M tokens exchanged
Support Zone: Consistent buying pressure held firm in the $4.64–$4.67 region
Resistance Level: Supply is capping upside near $4.87–$4.88
Current Structure: The token is consolidating between support and resistance with a neutral-to-bullish bias as price holds above $4.75
Intraday Action: A swift dip to $4.74 was met with strong demand, propelling price back above $4.79
Volume Confirmation: Over 66,000 units traded during the recovery phase, validating buyer strength