ERA Price Resets: From Euphoria to Stability — $1.30 Emerges as Solid Ground
#SCREEMINGBUYME #SCREEMINGBUYTHEDIP #IfYouAreNewToBinance
📈 ERA Coin Update: Post-Surge Consolidation
After a dramatic surge that saw ERA (Caldera) spike to $2.00, followed by a sharp correction down to $1.30, the price has now entered a consolidation phase, forming strong support around the $1.30–$1.35 range.
🔍 Technical Overview:
Initial Spike: $2.00 (likely driven by hype, low float, and early listings momentum)
Correction Low: $1.30 (high volume sell-off, early profit-taking)
Current Zone: $1.32–$1.38 (tight consolidation, low volatility, buyer absorption visible)
Support: $1.30 (holding multiple retests)
Resistance: $1.50 short-term, $1.80 psychological, $2.00 key level
📊 What This Means:
Strong Hands Entering: The base around $1.30 shows that speculators may be out, and longer-term holders or smart money could be accumulating.
Volume Dropped: This is typical after volatility — and often a calm before the next leg.
Indicators: RSI stabilizing, Bollinger Bands tightening — suggests a breakout setup is forming.
🧭 Strategic Implications:
Bullish Scenario: Break above $1.50 with volume could target a retest of $1.80–$2.00.
Bearish Scenario: Failure to hold $1.30 opens up risk to $1.12 and possibly psychological $1.00.
📌 Summary:
ERA has likely bottomed (short-term) and is now building a structure for its next move. $1.30 is the line in the sand.
“After the storm, the ground becomes fertile — watch for the sprout of the next move.”
