#cplusplus
Monad is a fast, scalable Layer 1 blockchain fully compatible with Ethereum's EVM, allowing you to run Ethereum smart contracts without changes. It improves speed by separating consensus (agreement on transaction order) from execution (processing transactions), enabling parallel transaction execution and reaching 10,000 transactions per second with 1-second finality. Monad uses a custom EVM and a special database (MonadDb) optimized for parallel state access, reducing delays. This means you get much faster, cheaper transactions while keeping Ethereum compatibility, making it easier for developers and users to adopt and benefit from high performance and scalability.
https://github.com/category-labs/monad
#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