🔎 Recent news and developments:
The ERA coin surged by up to 120% after its recent listing on major platforms such as Binance, Coinbase, and Upbit, leading to increased institutional and individual interest in the market.
The Caldera platform is one of the most important Layer-2 projects on the Ethereum and BNB networks, supporting the launch of over 50 rollup chains, with total locked value (TVL) growth of 92% backed by metaverse and DeFi gaming projects like SynthCity and C-DeFi.
💰 Price and market data:
The current price is around 1.21 USD, with a decrease of between –11.8% and –12% over the last 24 hours.
Trading volume on Binance exceeded 256 million USD in 24 hours (~29% of the total Caldera market).
📉 Brief technical analysis (ERA/USDT):
The price has dropped from levels of 1.44‑1.60 USD, breaking a bullish channel, with continued selling pressure and the emergence of reversal candles. The moving averages MA7, MA25, and MA99 are above the price, indicating negative momentum. The Ichimoku indicator shows the price below the negative cloud, and the SAR is above the candles – all bearish signals.
Important resistance levels are between 1.24 – 1.26 USD, while strong support is at 1.20 – 1.21 USD.
📊 Investment and trading tips
For short-term traders:
A short position may be possible if support breaks at 1.20 USD with a stop-loss above at 1.24 USD. Initial targets: 1.18 or 1.16.
Another scenario: Waiting for a price rebound towards resistance in the range of 1.24‑1.26 USD with a decisive break, targeting 1.30‑1.35 USD if high trading volume is confirmed.
For long-term investors:
The price this hour is near support that may present an entry opportunity at 1.20 USD, provided the price stabilizes and the market remains steady.
Focus on platform growth (TVL and new projects), especially within the modular rollup trend which is gaining increasing attention. The full market valuation (FDV) is around 1 billion USD distributed across a billion ERA tokens.
It is preferable to enter in gradual installments (DCA) and not to invest the entire amount at once to reduce risks.
