$ERA USDT Testing Channel Support – Bounce or Breakdown?
ERAUSDT has been moving within a clear ascending channel for weeks, consistently respecting both support and resistance lines. The pair is now testing the lower trendline near $1.00, a level that has historically triggered rebounds.
If buyers step in, the next upside target could be $1.05–$1.08, with a potential retest of the upper channel boundary around $1.12+. However, a breakdown below the $1.00 support could shift momentum in favor of sellers.
Trading volume has recently seen spikes, indicating heightened interest and potential for volatility in the coming sessions.
About ERA:
ERA is a blockchain project aiming to streamline decentralized applications and financial tools with scalable infrastructure and efficient transactions. Its native token, ERA, is integral to governance, staking, and ecosystem incentives, supporting long-term network growth and adoption.