After the strong surge from 0.20 to 2.05 USDT following its launch, ERA continues in a correction phase. It has already accumulated several days of decline with consecutive bearish candles, approaching its lowest recorded support post-listing.
📌 Moving Average (MA7): 1.2391 ➡️ The current price is below this average, reflecting technical weakness in the short term.
📉 High Volume: Despite the decline, the daily volume remains above 850 million ERA, suggesting that interest is still active but dominated by sellers.
⚠️ If it loses the zone of 1.10 - 1.09 USDT, we could see new lows. 🔁 If it bounces back, first strong resistance in the zone of 1.23 USDT.
🧠 Patience for those holding. Delicate moment to enter without confirmation of a trend change.