🌟Introduction
Today, as I follow the movement of the Caldera coin, I find that the market is heading towards a sensitive phase between sideways volatility and searching for a new direction. The current price stands at around $0.94 after recording a daily movement ranging between 0.94 as a low and 0.96 as a high. The slight retreat does not reflect fundamental weakness but rather indicates a phase of rebalancing.
1. Current Situation
The price is moving in a narrow range between the first support at 0.90 - 0.94 and the nearest resistance close to 0.97 - 1.00.
The weekly performance is still down by about 10-12%, reflecting ongoing selling pressure.
On the other hand, daily trading remains relatively active, indicating that interest in the project has not diminished despite the volatility.
2. Technical Indicators
In the short term: The movement is moving horizontally around narrow price averages, indicating a temporary balance between sellers and buyers.
In the medium term: There is notable resistance above the 1.70 - 2.00 level, which has recently formed a strong price ceiling.
In the long term: The strong support at 0.85 makes this level a key pivot for measuring risks.
3. Supporting Fundamentals
The project focuses on providing compatible network solutions (Rollups) in a flexible and fast manner, giving it a position in the second generation network expansion market.
Technical activity continues thanks to the successful operation of dozens of subnetworks, and the increase in the number of active wallets and completed transactions.
Although the current price is low compared to its recent peaks, the strength of the fundamentals may provide a rebound opportunity if liquidity and interest increase.
4. Forecasts
Positive scenario: If the price manages to break the $1.00 level with a strong daily close, it may open the way to test the 1.30 - 1.50 area, and then later towards 1.70 - 2.00.
Negative scenario: If support is lost at 0.90, the price may drop towards 0.85 and possibly test lower levels.
Personally, I see the market in a state of waiting for a new spark, whether through technical news or the influx of additional liquidity.
🍀Summary
As an analyst, I consider that Caldera (ERA) is currently in a testing phase between completing the decline or preparing for a coming rebound. The strong support at levels close to the current price makes me monitor the market closely, with my conviction that any sudden positive movement could quickly shift the equation in favor of the bullish trend.
