#caldera and $ERA @Caldera Official
ERA faced a major correction over the past few weeks, plummeting nearly 50% from its recent highs above $2.00 to touch a low around $0.5155 before recovering. It is now trading at $0.9666, holding just under the crucial $1 level.
The SAR at 1.0407 and continued lower highs confirm a lingering downtrend, but the decline in bearish volume may indicate a cooling phase. The current structure suggests consolidation between $0.93–$1.01, and any breakout above this zone could invite fresh buying pressure.
MA(5) sits at 10.72M, while MA(10) has dropped to 262.79M, a strong divergence reflecting the tapering volume and potential shift in trend dynamics.
If the price breaks above $1.0123, traders will likely eye the resistance zone around $1.05–$1.10. However, failure to maintain above $0.93 might invite more sell pressure.
Overall, the market is waiting for confirmation – either a bullish reversal above $1.01 or a continuation of the downtrend. Keep an eye on volume spikes and daily closes for the next major move.
Never trade based on hype alone. Always verify the information yourself. Informed decisions come from solid research—protect your capital.
