Layer‑1 Rotation: STX, NEAR and ATOM Show Recovery Momentum
STX, NEAR and ATOM — three layer‑1 blockchain tokens — are showing renewed buying interest after recent pullbacks. Stacks (STX) has risen ~38% month‑to‑date and trades around $0.34–$0.41, with resistance at $0.44 and a potential target near $0.52; its RSI (~30) and position below the 100‑day moving average suggest room for a rebound but with lingering downside risk. NEAR Protocol (NEAR) trades roughly $1.63–$1.81, up ~9.5% monthly and ~2% in the past week; resistance sits at $1.92 with an upside target near $2.10 if broken, while short and long moving averages indicate market indecision and RSI (~39) signals no overbought condition. Cosmos (ATOM) has rebounded about 24% over the last month, trading near $2.33–$2.74; the nearest resistance is $2.92 (≈24% upside from the low) and a second resistance at $3.33 could imply larger gains. The article highlights fundamentals—STX’s platform features, NEAR’s efficiency, and ATOM’s interoperability—as reasons traders may rotate into these layer‑1s. Key trading cues: watch breakouts above stated resistance levels, monitor RSI and moving averages for confirmation, and note that recent six‑month declines (notably NEAR and ATOM) mean volatility and downside risk remain. This is informational and not investment advice.
Bullish
The article points to renewed buyer interest and measurable short‑term gains across STX, NEAR and ATOM, with clear resistance levels that—if broken—could trigger further upside. Monthly rebounds (STX ~38%, ATOM ~24%, NEAR ~9.5%) and neutral-to-low RSI values suggest these tokens have room to run before becoming overbought. For traders, confirmed breakouts above the quoted resistance levels ($0.44 for STX, $1.92 for NEAR, $2.92 for ATOM) would be bullish triggers likely to attract momentum flows and short‑covering. Historically, layer‑1 rotations occur when capital shifts from large caps (e.g., BTC/ETH) into projects offering distinct on‑chain utility; similar rotations in past cycles have produced multi‑week rallies after initial multi‑week consolidations. Caveats: all three remain beneath longer‑term moving averages and have experienced substantial six‑month drawdowns, so volatility and downside risk persist. Short‑term impact: likely increased buy pressure and volatility around resistance tests; traders can use breakouts with volume and RSI confirmation. Long‑term impact: sustained adoption or positive protocol developments could support higher valuations, but absent fundamental catalysts, gains may be corrective and subject to broader market risk.