$ERA ERA Facing Heavy Selling ๐งจ๐ฅ | Bearish Pressure Rises as Market Cools Off ๐๐ซ
๐จ The heat around Era is cooling โ and sellers are stepping in hard ๐ง๐ฃ. We're seeing strong sellers at the market right now, flipping short-term momentum into potential downside ๐ช๐.
๐ป Volume spikes on red candles suggest increasing sell pressure ๐๐ฅ. The RSI is flattening and leaning bearish โ ๏ธ๐, showing signs of exhaustion on the buyer side. At the same time, MACD is curling downward, hinting at a bearish crossover on the horizon ๐๐.
๐ From an on-chain view, exchange balances are rising again ๐ฆ๐ โ not a great signal. It often means tokens are moving back onto exchanges, likely for liquidation ๐๐ธ. Paired with wallet growth slowing, itโs a worrying combo ๐๐.
๐ Social sentiment is cooling fast โ fewer bullish mentions, memes slowing down, and influencers going quiet ๐คซ๐ฑ. This is a classic cooldown zone before possible deeper retracement.
๐ป Bear traps are forming โ fakeouts luring in long positions before dumping the price ๐ชคโ ๏ธ. Thatโs why market uncertainty remains high. The bigger picture shows distribution patterns, not accumulation โ whales may be offloading ๐๐ฆ.
๐ฆ For now, this could be a temporary shakeoutโฆ but without fresh buyers and better signals, downside risk remains elevated โ. Manage risk, donโt fight the trend, and wait for clearer signs of reversal. โ ๏ธ
๐ช๏ธ Momentum is in the hands of bears โ unless bulls regain control, more downside could be next for Era.
โ ๏ธ Not financial advice โ always DYOR ๐ง ๐