$ERA Caldera (ERA) Market Performance Analysis After Launch
Since its launch, the price of $ERA Caldera (ERA) has shown significant volatility, with specific performance and key market points analyzed as follows:
1. Current Selling Pressure Range ($1.50-$1.65)
After launching on the two major trading platforms, Coinbase and Binance, ERA briefly surged to $1.777 but quickly fell back to $1.52. The current selling pressure in this price range mainly stems from the release of a large-scale airdrop. The project team opened the airdrop claiming on July 17, releasing a total of 20 million ERA, accounting for 2% of the total supply. A large number of airdrop holders chose to take profits, leading to a sudden increase in market supply, while demand did not keep pace, resulting in significant selling pressure.
2. Continued Pressure Before Airdrop Ends
The deadline for claiming this airdrop is July 31, during which time selling pressure may continue to exist. If the market's absorption capacity is insufficient, the price of ERA may break below the current support level of $1.50 and seek further support downward.
3. Key Resistance Level ($1.77+)
The opening price on Binance of $1.777 has formed a strong short-term resistance level, where early investors and a large number of airdrop profit-takers have concentrated selling pressure. In the absence of new buying effectively pushing the price, it will be extremely difficult for ERA to break through this resistance level.
In summary, ERA is facing significant volatility dominated by airdrops in the $1.50-$1.65 range, while $1.77+ represents a strong resistance selling pressure zone on a technical level. Moving forward, it is crucial to monitor the changes in market supply and demand relationships after the end of the airdrop at the end of July, as this will have a key impact on the price trend of ERA.
