@Caldera Official #caldera $ERA
📉 The ERA/USDT asset is in a downward trend!
The last few days have shown a significant drop in price, and it seems the asset is trying to find a support zone.
In the purple zone (highlighted on the chart), consolidation is observed, which may indicate a struggle between bulls and bears. The price fluctuates in a range of approximately 1.20 to 1.29.
What's next?
* Bullish scenario: If the asset can break through the upper boundary of the consolidation zone and overcome resistance, we may see the beginning of a recovery. 📈
* Bearish scenario: If selling pressure persists and the price breaks through the lower boundary of the zone, the decline may continue. 🐻
It's important to monitor trading volumes and the overall market sentiment. So far, the situation looks uncertain, and the asset needs to gain strength to break out of the current position. 🧐
Let's keep watching! 👀
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