Layer-1 Rotation Returns as STX, NEAR and ATOM Regain Momentum

Major shifts in the cryptocurrency market are stirring interest as certain digital coins show signs of growth. A resurgence is noticeable in primary blockchains with STX, NEAR, and ATOM making significant strides. This article dives into the reasons behind this renewed activity and identifies which cryptocurrencies are poised for expansion.

Stacks (STX) Eyes Recovery Amid Price Rise

Source: tradingview 

Stacks (STX) is currently trading between thirty-four and forty-one cents. It has gained over thirty-eight percent in the past month, signaling potential growth. The next target is hitting the nearest resistance of forty-four cents. If it breaks through, it could climb to fifty-two cents, marking a rise of nearly forty percent from the lower end of its current range. The coin is still below its 100-day moving average, but the growth over the past month shows promise. However, with its RSI at around thirty, it suggests that STX might still be undervalued. Stacks could appeal to those looking for a rebound, though challenges remain.

NEAR Protocol Eyes Recovery Amid Price Swings

Source: tradingview 

NEAR Protocol (NEAR) currently trades between $1.63 and $1.81, showing slight upward momentum with a one-week increase of nearly two percent. The token has a monthly gain of around 9.5%, hinting at recovery potential, despite a significant drop of over 40% in the last six months. NEAR is facing resistance at $1.92 and could climb towards $2.10 if it breaks past this barrier. The RSI at just over 39 suggests it's not overbought, indicating room for growth. However, moving averages point to indecision, with the 10-day at $1.72 and the 100-day at $1.77 signalling a cautious market mood. Investors are watching for a move beyond the $1.92 resistance to spark more substantial gains.

Cosmos (ATOM) Eyes Potential Surge Despite Recent Setback

Source: tradingview 

Cosmos (ATOM) is currently trading within the low range of approximately $2.33 to $2.74. While hitting the nearest resistance at $2.92 seems tough right now, it’s likely within reach if buyer interest grows. This would imply an impressive jump of about 24% from the low end of the current range. In a more optimistic scenario, pushing through to the second resistance at $3.33 could see an even more remarkable increase of roughly 43%. Presently, the coin shows a significant rebound of nearly 24% over the past month, a promising sign after a half-year drop of about 51%. Buyers seem to be regaining enthusiasm, eyeing potential upward momentum.

Conclusion

STX, NEAR, and ATOM are showing newfound energy. Each is gaining ground, growing stronger in a shifting market. Watch for STX's innovative features, NEAR's efficiency, and ATOM's interoperability, as they each capitalize on current trends. The movement suggests a positive outlook for these cryptocurrencies. They are capturing attention and stirring interest once again.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.