📊 Chart Breakdown – ERA/USDT (Timeframe 5 Minutes)
🟢 Current Price: $1.6494
📈 24 Hour Increase: +724.70%
🔺 High: $2.0561
🔻 Low: $0.2000
📊 Volume: 187M ERA (USDT: 297M)
🔍 Technical Analysis:
MA (7) and MA (25) are starting to crossover bullish → early signal of potential continued increase.
Current price is consolidating after retracing from the peak of $2.05.
Strong support is seen around $1.60 (near MA7).
MACD is starting to rise and is close to a golden cross, indicating momentum is beginning to recover.
Buyer volume is emerging again after a distribution phase → indication of smart money re-accumulation.
🎯 Potential Next Direction:
If it can break the minor resistance at $1.70–$1.75, it is likely to retest $2.00.
If it fails and drops below MA25 ($1.62), watch out for a correction to the $1.40–$1.20 area.
🧠 Conclusion:
Current price is in a re-accumulation phase. If volume continues to increase and the market remains bullish, the $2 target could be reached again.
