#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
#MBOX/USDT analysis :
#MBOX is currently in a downtrend, trading below the 200 EMA. The price has been rejected from the resistance zone and broken below the trendline. It is expected to decline further and test the swing low.
TF : 2h
Entry : $0.0845
Target : $0.0756
SL : $0.0900
#MBOX/USDT analysis :
#MBOX is in a downtrend, consistently making lower lows (LLs) and lower highs (LHs) below the 200 EMA. Currently, the price is retracing towards the 200 EMA and a resistance zone. It is anticipated that the price will test this zone before reverting back to continue its bearish momentum, potentially reaching lower levels.
TF : 4h
Entry : $0.1865
Target : $0.1566
SL : $0.2037
#MBOX/USDT analysis :
#Mbox is currently in a downtrend, trading below the 200 EMA. The price is forming a structure of lower lows and lower highs. It is facing rejection from the resistance zone, which suggests a potential reversal that could reinforce its bearish trend and test previous lows.
TF : 15min
Entry : $0.1332
Target : $0.1269
SL : $0.1366