#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
#CHR/USDT analysis :
#CHR is currently retracing towards a previously tested support zone. The price is expected to bounce from this level and resume its bullish momentum, aiming to test previous highs. For a long entry, it is advisable to wait for a breakout above the $0.2750 level.
TF : 4H
Entry : $0.2750
Target : $0.3440
SL : $0.2370
#CHR/USDT analysis :
#CHR has broken and retested the support zone, which is now acting as resistance for the price. The price is anticipated to continue its bearish momentum and test lower levels.
TF : 2H
Entry : $0.1780
Target : $0.1701
SL : $0.1838
#CHR/USDT analysis :
#CHR is currently consolidating above the support zone and the 200 EMA. The price is expected to sustain its bullish momentum and establish new highs. It is advisable to await a pullback for a long entry.
TF : 1H
Entry : $0.1862
Target : $0.2163
SL : $0.1755