Key Technical Indicators $ERA

Moving Averages:

MA(5): $1.28207

MA(10): $1.25676

MA(20): $1.25960

→ Short-term MAs (5 & 10) have crossed above the 20 MA, indicating bullish momentum.

Volume Spike:

Volume: 459.42K ERA (well above recent average)

High turnover ($5.04M) shows strong participation

Price Action:

The recent bullish candle broke above resistance around $1.29, confirming a breakout.

Strong buying pressure near the local bottom of $1.15631 formed a rounded base.

Price is approaching next resistance at $1.36564 (watch for rejection or breakout).

📈 Trade Signal $ERA

Signal: ✅ Bullish Bias / Potential Buy Setup

Entry Range: $1.31–$1.34

Targets:

Target 1: $1.365 (short-term resistance)

Target 2: $1.45

Target 3 (swing): $1.62+

Stop Loss: Below $1.26 or tighter at $1.24 (depending on risk appetite)

> Note: Wait for consolidation above $1.34 or a pullback to $1.29–$1.31 for a better risk/reward entry.

🧬 Fundamentals of #caldera Token

ERA is part of the zkSync Era ecosystem — a Layer 2 (L2) rollup solution based on zero-knowledge proofs (ZK-Rollups) on Ethereum. Key highlights:

✅ Scalability: zkSync Era drastically reduces gas fees while maintaining Ethereum-level security. @Caldera Official

🌉 EVM-Compatible: It supports full smart contract functionality, enabling seamless dApp migration.

🧩 Public Chain Focus: ERA aims to support infrastructure and decentralized applications in a high-throughput, low-latency environment.

> Caution: Being part of a newer L2 chain, ERA may have high volatility. Make sure to track ecosystem developments and token utility (e.g., staking, governance).