Caldera ($ERA ) has risen by 3.36% over the last 24 hours, despite a weekly decline of 15.11% and a monthly drop of 32.26%. This growth is associated with positive events in the ecosystem, however, the overall market conditions remain challenging.
According to news, a partnership with Mawari - a DePIN project for XR streaming - was announced on August 15. Integration with the Caldera blockchain could increase network usage, which is a positive factor. Also, on August 13, ERA Force One was launched - a platform for the token holder community that could enhance engagement and promote staking.
Technical analysis shows that the price is below key moving averages (7-day and 30-day SMA), but the relative strength index (RSI) is around 31.97, which is close to the oversold zone. Some traders may see this as a buying opportunity. The fear and greed index is neutral, and the altcoin season index is declining, so Caldera may move counter to overall market trends.#Caldera #ERA @Caldera Official