$ERA surged 121% to a high of $1.88 after landing major listings on Binance, Coinbase, and Upbit, pushing its market cap to $278 million. Despite this momentum, $ERA has retraced, tested and broke support near $1.35.
The formation of a higher low at this level could signal the start of a new uptrend—especially if airdrop-related sell pressure fades.
As an $ETH Layer-2, Caldera is positioning itself within a $40B ecosystem. Continued adoption and supportive regulation may fuel further upside. However, short-term volatility remains a concern through July.
With its current valuation, $ERA still has room to grow, but the path forward will likely depend on investor sentiment post-airdrop and broader L2 market dynamics.
