Caldera ($ERA ) has fallen by 2.17% in the last 24 hours, which is worse than the overall crypto market (-0.71%). Main reasons:
Technical weakness – the price has dropped below important moving averages ($0.87–$1.02), indicating a bearish trend.
Low liquidity – the turnover ratio of 0.115 indicates a thin market susceptible to sharp fluctuations.
Market sentiment – the Altcoin Season Index has decreased by 8% over the day as capital leaves more risky assets.
$ERA has fallen below the 7-day moving average ($0.876) and the 30-day moving average ($1.02), with the RSI at 37.3 — close to the oversold zone, but not critical. The price is currently testing the Fibonacci level at $0.8098.
Losing support from moving averages often triggers automatic sell-offs. Low trading volume (down 58.59% over 24 hours to $14.48 million) exacerbates the decline, as seen in the weekly drop of 12.17%.#ERA #Caldera @Caldera Official
