Here's a technical analysis breakdown of $ERA /USDC based on the data you've provided:
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๐ Current Price
1.1800 USDC (โ Rs334.23)
Change: -9.38% โ Significant drop in past 24h
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๐ Key Metrics
Metric Value
24h High 1.3065
24h Low 1.1471
Volume ($ERA ) 5.94M
Volume (USDC) 7.21M
Current Volume 12,694.7
Major Support Zone 1.1471โ1.1385
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๐ Moving Averages
Period Value Trend
MA(7) 1.1881 โ Bearish
MA(25) 1.2116 โ Bearish
MA(99) 1.2889 โ Strong Bear
MA(5) Vol 304.5K โ Higher vol
MA(10) Vol 191.4K โ Normalized
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๐ง Indicators
MACD: Likely bearish (given trend + price drop)
Bollinger Bands: Price may be approaching or below lower band, suggesting oversold
SAR: Likely showing bearish dots above price
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๐งญ Price Action Context
Price fell from ~1.26 to 1.18, suggesting a downtrend continuation
Sitting just above strong support (1.1471โ1.1385). If it breaks, further downside is possible.
Resistance lies around 1.22 โ 1.26, with heavy seller activity seen near 1.2622 (BINANCE)
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๐ Summary
Indicator Signal
Trend Bearish
Momentum Weak
Support 1.1471
Resistance 1.2210 / 1.2622
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โ Strategy Ideas
Short-term traders: Wait for a bounce from 1.14โ1.15 zone before entering long
Buyers: Accumulate cautiously only if support holds + MACD reversal
Sellers: Could trail stop-loss above 1.22โ1.26 depending on entry
