Sui Network Introduces Confidential Transfer Feature
- Confidential Transfer Design: Sui Network plans to utilize range proofs to conceal transfer amounts while enforcing supply checks at the protocol level, effectively preventing secret minting issues that previously plagued Zcash's Orchard system.
- Separation of Privacy and Supply: This design separates privacy protection from supply integrity, ensuring that attackers cannot exploit a single proof for malicious purposes, thereby enhancing the network's security and reliability.
- Market Environment Challenges: The initiative is proposed against a backdrop of market weakness and frequent network outages, with the Sui team aiming to demonstrate their ability to build and innovate even in tough market conditions by delivering confidential transfers on schedule.
- Technological Progress and Future: Mysten Labs is developing native payment intents and AI agent autonomous transaction capabilities, indicating Sui Network's broad strategy in privacy tools and payment systems, aimed at enhancing user experience and market competitiveness.
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Technical Analysis for WAL
Technical Sentiment Analysis for Walrus (WAL). As of , Walrus (WAL) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 6 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for WAL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, WAL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Walrus (WAL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00277 | 0.0181 | 0.0338 | 0.0491 | 0.0648 | 0.0801 | 0.0958 |
| Fibonacci | 0.0181 | 0.0299 | 0.0372 | 0.0491 | 0.0609 | 0.0682 | 0.0801 |
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