The price $ERA ($0.799) is trading below key moving averages (7-day SMA: $0.846, 30-day SMA: $0.989), indicating ongoing selling pressure. The RSI with a 14-period is 31.5 — close to the oversold zone but not yet signaling a reversal. The MACD histogram (-0.000008) shows bearish momentum, although it is around the neutral level.
- The lack of a bullish MACD crossover indicates that traders do not expect strong growth.
- Fibonacci retracement levels show resistance at $1.01 (61.8%) and $1.09 (50%), which will require a 25-36% increase to overcome — a high bar given the current market sentiment. The partnership between Caldera $ERA and Mawari Network, announced on August 15 and aimed at decentralized XR broadcasting through blockchain, initially attracted attention but did not lead to sustained buying growth.
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- Positive news usually leads to short-term growth, but the trading volume of ERA over 24 hours ($20.4 million) has decreased by 13.87% compared to previous days, indicating weak continued interest.
- The market capitalization of the project is $118.6 million, and 14.85% of the tokens are in circulation, making it vulnerable to selling pressure upon the unlocking of new coins.#Caldera #ERA @Caldera Official