ERA/USDT 4H Chart Update – Key Support Levels and Bearish Momentum
ERA/USDT has broken below the crucial 1.2100 support level, signaling strong downside pressure.
The immediate downside target is now around 1.1575, acting as the next support zone.
If 1.1575 fails to hold, the price could further drop to the Fibonacci 0.786 level near 1.0734.
In an intense bearish scenario, the pair may even reach the previous low near 0.83xx (Fib 1.0 level).
Overall, ERA/USDT remains in a pronounced downtrend with bearish technical indicators dominating. Traders should exercise caution, monitor volume closely, and apply strict risk management when trading this pair amid the continuing bearish momentum.
🧭ERA/USDT 4H Chart Technical Update - Important Support Level at 1.2100
The 1.2100 support level on the 4-hour chart remains crucial.
Current price at 1.2172 is very close to this key support.
Technical indicators show weakness, increasing the probability that the 1.2100 support might break.
If price breaks below 1.2100 with volume confirmation, the next significant support is around the 1.0734 Fibonacci level. $ERA Summary: ERA/USDT shows strong bearish momentum on the 4H timeframe. While 1.2100 is a near-term support, the chance of it failing is high. In the event of a breakdown, a deeper slide toward 1.0734 could follow. Traders should be cautious, apply strict risk management, and watch volume carefully before taking positions.
Volume Divergence Analysis on ALPHA/USDT 3D Chart For investors tracking the ALPHA/USDT perpetual futures pair on Binance, the 3-day (3D) chart as of 10:20 AM JST, July 11, 2025, reveals a notable volume divergence that could signal an important shift in market dynamics. Here’s what it means for your investment strategy: Price Context: The price has risen from a low of 0.00950 USDT to the current level of 0.01402 USDT, reflecting an 11.71% gain over the past 24 hours. This recovery follows a steep downtrend from a high of 0.04458 USDT. Volume Behavior: During the downtrend, a significant volume spike occurred near 0.00950 USDT (with volumes exceeding 14.3 billion ALPHA historically, though recent volume is lower at 257 million ALPHA). The recent upward move, however, is accompanied by declining volume. This divergence—where price increases but volume decreases—suggests that the upward momentum may lack strong conviction from buyers. Implications for Investors: Potential Reversal Signal: The volume spike at 0.00950 USDT indicates strong buying interest or accumulation at that level, which could serve as a solid support zone for long-term holding. The current divergence might hint at a consolidation phase before a sustained upward trend, offering a potential entry point if the price stabilizes. Caution Ahead: The declining volume on the upmove could foreshadow a pullback toward support levels like 0.00950 USDT or the liquidation zone at 0.01108 USDT. Investors should monitor this closely to avoid entering at a peak. Key Levels to Watch: Resistance at 0.03888 USDT (marked as TP_MARKET) represents a long-term target if bullish momentum builds. The Parabolic SAR at 0.01910 USDT suggests the price needs to break this level to confirm a stronger trend. Strategic Consideration: This volume divergence could indicate a market in transition. For long-term investors, consider waiting for confirmation of support at 0.00950–0.01108 USDT or a breakout above 0.01910 USDT with increasing volume before committing capital. . #CryptoInvesting #ALPHA #TechnicalAnalysis
Watch for potential drop toward support if resistance holds firmly
Trade carefully and monitor price action closely for signs of reversal or further decline.
This aligns with recent charts showing BTC struggling near $108K resistance and bearish forecasts pointing to possible declines toward $75K-$77K support zones123