$ERA has fallen below the 7-day moving average ($0.86) and the 30-day moving average ($1.01), while the 14-day Relative Strength Index (RSI14) at 36.41 indicates a bearish sentiment. The MACD histogram has turned positive (+0.0039) but remains below the signal line, suggesting weak confidence in growth.
The breakout of key moving averages triggered stop-losses and automated sales. The price is currently testing the Fibonacci retracement level of 78.6% ($0.94), and traders are closely watching for a possible retest of the local minimum at $0.8098.
Points to consider:
A daily candle close above the reversal point ($0.8575) could provide short-term relief, while a drop below $0.80 would increase the risk of accelerated decline.#ERA #Caldera @Caldera Official
