🔍 Market Insights: #ERA Price Drops 16.4% in 24H

Summary:

#ERA experienced a sharp 16.4% decline over the past 24 hours following its strong post-listing rally. The price surged 120% after listings on Binance, Coinbase, and others, but has since corrected from a $1.88 high to around $1.26.

Key Factors:

📈 Post-Listing Profit-Taking: Caldera’s ERA token rallied post-Binance/Coinbase listing but retraced as traders locked in gains—mirroring common post-listing volatility.

🎁 Airdrop Sell Pressure: Binance distributed 20M ERA (2% of supply) to BNB holders. Many recipients began selling, causing a steep drop in trading volume ($1.4B → $486M).

📉 Broader Market Weakness: Altcoin market dipped 1.48% overall. Bitcoin dominance rose to 60.87%, and sentiment cooled (Fear & Greed Index: 71 → 69).

📌 What to Watch:

Support zone: $1.20–$1.30

Pivot level: $1.47

Will Layer-2 adoption sustain long-term value amid macro headwinds?

Stay tuned for more updates #AltcoinUpdate #CryptoMarket #ListingNews