@calderaxyz, #caldera, $ERA Caldera (ERA) has experienced significant volatility since its launch:

1. From the candlestick chart, the current selling pressure range ($1.50-$1.65)**:

- ERA briefly surged to $1.777 after being listed on Coinbase and Binance but quickly fell back to $1.52.

Currently, the main source of selling pressure comes from large-scale airdrops: the project team opened airdrop claims on July 17, releasing a total of 20 million ERA (accounting for 2% of the total supply). Holders tend to take profits, leading to a surge in supply and insufficient demand.

2. Continued pressure before the end of the airdrop:

- The airdrop claim deadline is July 31, and selling pressure may continue during this period. If market absorption is insufficient, the price may be under pressure below $1.50 (current support level).

3. Key resistance level ($1.77+):

- The opening price on Binance of $1.777 forms a strong short-term resistance, where early investors and profit-taking from the airdrop are concentrated. If not accompanied by new buying, breaking through will be challenging.

Overall, ERA faces airdrop selling pressure dominated volatility in the $1.50-$1.65 range, while $1.77+ serves as a technical resistance pressure zone; attention should be paid to changes in supply and demand balance after the end of the airdrop at the end of July.