📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
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Top 3 Blockchain Projects Set to Explode in Value: From DeFi to Layer 2 Solutions, These Tokens S...
An 11.38 percent increase in a week and a blockchain rise above the 99-day MA line KDA indicate a possible reversal of the trend.
ALCX could be poised to begin reversing its losses soon as moving averages converge and volume decreases, which often indicates an opportunity to jump into a breakout.
Arbitrum has confirmed the bullish momentum with its major MAs aligning and maintaining price strength over support points, indicating the increase in confidence in Layer 2 solutions.
Digital asset market is also changing as players show interest in ecosystems of major blockchains. Thirdly, current technical indicators show that Kadena (KDA), Alchemix (ALCX), and Arbitrum (ARB) projects are building up steam in the last week. The tokens are applicable in different space such as decentralized finance (DeFi) and Layer 2 infrastructure. Although the price cannot be used as a confirmation of long-term trends, the statistics are showing that the activity tends to grow and the technical strength grows as well.
Kadena (KDA) Signals Reversal with Bullish Breakout
The hybrid blockchain model and scalability of Kadena indicate that this coin has prospects of recovery. A steep increase is observed on the weekly chart, where the token was closing at a price of 0.5140, gain of 11.38 percent. The short term 7-day moving average (MA) increased and breached past the 25-day MA at 0.3998 with a value of 0.4414. This crossover is an indication of an increase in positive feeling.
Also KDA surpassed its 99-Day MA of 0.4846, considered as a long-term resistance level. This pull can be the sign of the end of the recent decline. A high volume of the trading coincides with the surge in the price, and this may indicate the interest in the market rebound. In history, volume normally affirms the rightness of price trend of technical analysis.
Alchemix (ALCX) Eyes Breakout After Long-Term Bottom Formation
Alchemix, a project offering self-repaying loans using DeFi protocols, has started to show technical stabilization. Over the past several months, ALCX has faced consistent downward pressure. However, the recent weekly close at $8.78 shows a slight gain of 0.46%, with the asset forming a potential base.
The 7-day MA now sits at $8.40, moving above the 25-day MA of $7.63, signaling a change in trend. The price approaches the longer-term 99-day MA at $8.85. A clear move above this level could indicate a reversal. ALCX would then enter a zone with reduced overhead resistance, potentially allowing for stronger upward movement.
Arbitrum (ARB) Leads Layer 2 Surge with Bullish Momentum
Arbitrum, a leading Ethereum Layer 2 scaling solution, is displaying signs of sustained upward momentum. The token closed the week at $0.4110, slightly up by 0.12%. While the weekly percentage change appears minimal, key moving averages show a more bullish story. The 7-day MA is now at $0.3880, well above the 25-day MA of $0.3376 and the 99-day MA of $0.3459.
This alignment forms a “golden cross,” a commonly used indicator to identify bullish market trends. Price holding above all three moving averages suggests a strong technical structure. The chart reflects consistently higher lows and increasing volume over recent weeks.
Kadena, Alchemix, and Arbitrum are very dissimilar and head in different directions of blockchain innovations. This is because of their technical performance in the past few days, which indicates an upward direction. These tokens are attracting the attention of traders, with the price structure getting better and support from moving averages. As the overall mood in the market gradually changes, these three projects can be mentioned in terms of recovery rates, their positioning, and their importance in the context of their industries.