Legacy Tokens Stage Comeback as Cosmos and Polkadot Prices Rebound
Legacy Layer-1 tokens Cosmos ($ATOM) and Polkadot ($DOT) are experiencing a resurgence in price after months of lagging behind the broader crypto market. This uptick has sparked optimism that these interoperability projects may be regaining traction.
Cosmos, which fell to a fresh multi-month low near $1.20, has staged a modest recovery with buyers pushing its price back toward $1.38. However, it remains below the key resistance zone of $1.60, a level that previously served as strong support before turning into resistance.
Polkadot ($DOT), on the other hand, is showing signs of stabilization after finding support near the lower boundary of its long-term descending channel. The recent rebound has lifted DOT back above $0.83, indicating buyers are gradually stepping in.
While both tokens have improved their short-term outlook, neither asset has confirmed a full trend reversal. For Cosmos to invalidate its recent breakdown and signal a stronger recovery, it must reclaim the $1.60 resistance zone. Polkadot ($DOT) needs to break above $0.90 and clear the channel resistance near $1.22 to confirm a sustained bullish reversal.