CreatorPad August 19

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$ERA $ERA $ERA #ERA #Caldera @Caldera Official

Caldera (ERA) has fallen by 1.65% in the last 24 hours, which is worse than the overall growth of the cryptocurrency market (+0.47%). Main reasons:

Technical breakdown – the price dropped below an important Fibonacci support level ($0.878)

Weakness of altcoins – capital flowed into Bitcoin (BTC dominance increased by 0.28% over the day)

Low trading volume – activity decreased by 24.85%, indicating weak confidence among participants

On August 18, the price of ERA dropped below the 78.6% Fibonacci retracement level ($0.878), triggering automatic sell-offs. The 7-day RSI indicator (30.29) shows oversold conditions, but the downward trend has not yet changed.

Technical traders likely closed positions after the breakdown, increasing selling pressure. The next support is at the minimum of August 13 ($0.85). If the price stays below $0.878 for a prolonged period, further decline to $0.80 is possible. #creatorpad #Write2Earn