$ERA Classic post-launch cool down — but watch closely from here 👀
After a wild launch that pushed $ERA to $2+, price is now cooling off and forming a descending structure. Sitting near $1.22, it’s down over 40% from highs — but that’s normal for fresh listings.
Volume has dried up, and price is hugging the EMA(7) on the 4H — this is typically the range where early hands finish exiting and accumulation starts.
What I’m watching:
→ Steady decline with low volatility = base forming
→ Key range: $1.20–$1.30
→ If momentum returns, reclaims above EMA(7) can flip the trend
Remember, launch hype fades fast — but solid projects build momentum over time. If Caldera’s narrative holds, $ERA might just be gearing up for its real move later.