#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
#ELF/USDT analysis :
#ELF is currently in an uptrend, forming higher highs (HHs) and higher lows (HLs). Following an impulsive move, the price has retraced to the 200 EMA and a key support zone. It is anticipated that the price will rebound from this level and resume its bullish momentum, aiming to test the previous swing high.
TF : 1D
Entry : $0.4500
Target : $0.8400
SL : $0.3550
#ELF/USDT analysis :
#ELF is currently consolidating above the previously respected support zone. The price is expected to bounce back from this level and continue its bullish rally, potentially testing previous highs.
TF : 1W
Entry : $0.4124
Target : $0.7853
SL : $0.3060