#rust#blockchain#distributed_ledger_technology#move#smart_contracts
Sui is a next-generation blockchain platform designed for very fast, low-cost transactions and high scalability, making it ideal for apps like gaming, DeFi, and NFTs. It uses a unique object-based data model and the Move programming language, which helps create secure, flexible smart contracts and allows many transactions to happen at the same time. This means you get instant transaction finality and a smooth user experience. Sui’s native token, SUI, is used for fees, staking, and governance, helping keep the network secure and decentralized. Overall, Sui offers a powerful, efficient foundation for building and using web3 applications.
https://github.com/MystenLabs/sui
#BAKE/USDT analysis :
#BAKE is currently retracing towards the 200 EMA. The price is expected to retest this moving average before continuing its bearish momentum. The current level presents a favorable opportunity for a long entry.
TF : 2h
Entry : $0.1507
Target : $0.1700
SL : $0.1414
#BAKE/USDT analysis :
The price is in an uptrend, forming higher highs (HHs) and higher lows (HLs) above the 200-period exponential moving average (200 EMA). The price is expected to bounce back from this level and continue its bullish momentum, aiming to test the previous swing high.
TF : 1h
Entry : $0.2783
Target : $0.2929
SL : $0.2705