$ERA ERA/USDT – Testing Patience of Traders
ERA/USDT continues to frustrate both bulls and bears as it trades at $0.8336, down nearly 3.5% in the last 24h. Price action shows sellers are active at higher levels, while buyers strongly defend the $0.83 zone.
The token is trapped between support at $0.8312 and resistance at $0.8810. For now, the chart favors bears as the SAR indicator at 0.8699 shows pressure to the downside. However, volume analysis suggests selling interest is slowing down compared to earlier sessions.
The last 7 days show a 12.69% loss, and in 30 days, ERA is down 31.56%. Despite this, the broader sentiment around new projects like Caldera remains strong. Market psychology here is important: retail traders are fearful, while long-term holders are quietly accumulating.
What to watch:
If $0.8312 breaks, expect a slide towards $0.815–$0.80.
If ERA holds above $0.83 and retakes $0.85–$0.863, bulls could gain strength.
A confirmed breakout above $0.88 is the real bullish trigger, opening the path to $0.90–$0.95.
Trading Strategy:
Range traders can continue playing swings between $0.83–$0.88.
Swing buyers may start layering entries at $0.83 with stops under $0.815.
Conservative traders should wait for $0.88 breakout confirmation before going long.
Final thought: ERA is at a critical point. The market is undecided, but such consolidation phases often lead to strong breakouts. Traders should be alert—the next big move could be just around the corner.