Caldera ($ERA ) has fallen by 8% in the last 24 hours, continuing the decline over the last 7 and 30 days by 15% and 28% respectively. This drop coincides with the overall decline of the cryptocurrency market by 3.6%, but also reflects issues specifically related to this coin. Main reasons:
Reaction of 'sell on news' after the partnership announcement with Mawari on August 15
Weak technical indicators — RSI close to oversold territory, price below key Fibonacci levels
Profit-taking after a sharp rise following the listing on the exchange in July (+113% after Binance)
The decline of Caldera is associated with waning interest in infrastructure altcoins, profit-taking after a volatile listing period, and a subdued reaction to the recent partnership. Despite promising rollup technologies and integrations into DePIN, short-term difficulties remain.
What to watch: will ERA be able to hold support in the $0.85–0.88 zone (minimum on August 16) amidst rising Bitcoin dominance (+59.02%)?
