According to Mars Finance news, the current market is showing a divergence between bulls and bears, with LSK and TIA falling by 7.33% and 7.97% respectively, while ACE has rebounded by 5.75%. Other tokens such as VIRTUAL and KITE have also experienced a "spike and drop", and SCRT and ALCX have reached new lows.
Alchemix (ALCX) is an innovative decentralized finance (DeFi) protocol that allows users to borrow against collateral with self-repaying, interest-free loans, where future yield from deposited assets automatically covers debt over time, eliminating liquidation risks and providing instant liquidity without ongoing payments.
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