#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
#CAKE/USDT analysis :
#CAKE has retraced and tapped the previous resistance zone, which is now support for the price. Bullish momentum is expected from the current level. Wait for the price to bounce back and break out of the $2.614 level to go long, with the previous swing high as the target level.
TF : 1D
Entry : $2.614
Target : $4.180
SL : $1.992
#CAKE/USDT analysis :
#CAKE is currently in an uptrend, forming higher highs (HHs) and higher lows (HLs) above the 200 Exponential Moving Average (200EMA). The price is anticipated to undergo a retracement and test a support zone before resuming its bullish momentum. A new high is likely to be established soon.
TF : 15min
Entry : $2.033
Target : $2.091
SL : $2.004