Summary:
Current price range: $1.06–$1.13, reflecting a 2–12% upside in the past 24 hours
Market cap: Approximately $150–$165 million
Circulating supply: ~148.5 million $ERA (Max supply: 1 billion)
All-Time High (ATH): $1.88–$1.95 (July 17–18, 2025 launch week)
24-hour trading volume: $160–$200 million
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Price Performance Overview:
24-hour: Gains of 2–12%, with elevated volatility and increasing liquidity.
7-day: Approximately +15%.
30-day: Price tested a broad range from $0.92 to $1.93, influenced by ATH fluctuations.
Following its mid-July launch and listing, Caldera experienced a rapid price surge followed by a healthy consolidation phase. The sustained high trading volume suggests ongoing interest and potential for short-term price volatility.
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Technical Outlook:
Current trading range: $1.00–$1.20
Support levels: $1.00 (psychological), $0.92 (30-day low)
Resistance levels: $1.20, $1.40, $1.88–$1.95 (ATH zone)
Price stability above $1.00 supports multiple breakout attempts beyond $1.20. Holding above key resistance levels at $1.20 and $1.40 could trigger a rally toward the ATH zone. Conversely, a break below $1.00 may result in a pullback toward $0.92.
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Fundamental Overview:
Caldera operates as a Rollup-as-a-Service (RaaS) provider on Ethereum, enabling developers to rapidly deploy application-specific rollups and bridging solutions via its Metalayer technology.
The ERA token serves as the native utility and governance asset, facilitating gas payments, staking/network security, governance participation, and cross-rollup messaging. The ecosystem boasts dozens of live mainnet rollups and over 100 rollup connections, supporting a growing network TVL valued at hundreds of millions.
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Key Catalysts:
Exchange listings and launch momentum: Initial multi-exchange listings in mid-July drove a 110%+ rally. Further listings and new trading pairs could boost liquidity and demand.
Airdrops and community incentives: Launch-period incentives accelerated user adoption, though short-term sales pressure may occur from vested token unlocks.
Metalayer development: Simplifies interoperability across rollups, potentially enhancing user growth and ecosystem expansion.
Ecosystem growth: Over 50 connected rollups and $400M+ in TVL support positive fundamentals.
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Risks to Consider:
Token unlock schedules are multi-year, but upcoming vesting events may influence price volatility.
Limited circulating supply combined with high volatility can lead to sharp price movements.
Intense competition in the RaaS and rollup bridging space requires ongoing product differentiation.
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Potential Scenarios:
Bullish: Sustained trading above $1.20 could open the path toward $1.40 and retesting ATH levels near $1.88–$1.95, supported by strong listing momentum and TVL growth.
Bearish: Failure to hold $1.00 may prompt a pullback toward the $0.92 support level, potentially triggered by negative news or token unlock pressures.
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Conclusion:
Caldera’s unique RaaS and Metalayer proposition is beginning to manifest in its market performance. Strong liquidity, exchange support, and ecosystem expansion underpin its near-term outlook. However, the $1.00–$1.20 trading range remains a critical zone—its breach will likely determine the next directional move for ERA.
