The price of Caldera ($ERA ) has slightly increased (+0.25%) over the last 24 hours, but there is a significant decline in the longer term. This is due to technical factors, a decrease in trading volume, and a neutral market sentiment, despite recent positive news about partnerships and the launch of the platform.
Technical analysis shows that the price is below the moving averages for 7 and 30 days (0.84113 and 0.9685 respectively), indicating a downward trend. The RSI (Relative Strength Index) is 32.96 — this is close to the oversold zone, suggesting possible selling pressure. The MACD histogram shows a weak positive momentum, but it is very small, indicating weak upward movement.
Fibonacci levels calculated from a maximum of 1.41 to a minimum of 0.76331 show that the current price of around 0.79 is below the 78.6% retracement level (0.90249), confirming the downward trend.#Caldera #ERA @Caldera Official