Can $ERA Reach $1.5?
$ERA is currently trading at $1.0166, down -2.47% over the past 24 hours. After hitting a recent high of $1.1910, the token has seen a steady pullback, now sitting below both the MA(7) at $1.0269 and MA(25) at $1.0452. This indicates short-term selling pressure, but the price is still holding above the psychological $1 support zone.
Key levels to watch:
Resistance: $1.045 (MA25), $1.0656 (24h high), and $1.10–$1.12 as the next breakout range. Clearing $1.12 with strong volume could trigger momentum toward $1.20 and beyond.
Support: $0.9839 (24h low) and $0.9361 from the last consolidation. Losing $0.93 would weaken bullish prospects.
Path to $1.5:
For ERA to reach $1.5, it would need a ~47% rally from current levels. This likely requires:
1. Breaking and holding above $1.12 short-term.
2. Reclaiming the $1.20–$1.25 zone with strong buyer interest.
3. A broader market tailwind or positive ERA-specific catalyst (partnership, listing, or major upgrade).
Bottom line:
While $1.5 is possible in a bullish scenario, it’s unlikely in the immediate short term without a clear reversal in trend and higher trading volume. A move above $1.12 would be the first sign the rally is back on track.
