🚀 $ERA Update: Holding the Line or Preparing for a Breakout?
The Caldera ($ERA) chart is showing some interesting movements today! As a key utility token for the Metalayer ecosystem, $ERA is currently navigating some critical technical levels.
🔍 Key Highlights:
Support Watch: We are currently keeping a close eye on the $0.1975 Fibonacci support level. Bulls need to defend this zone to prevent a deeper correction.
Resistance Levels: A successful bounce could see $ERA testing the $0.227 pivot point. A clean break above this could open the doors for a retest of the $0.247 region!
Fundamentals: With over 50 active rollups now utilizing Caldera’s infrastructure, the long-term utility as a gas and governance token remains a strong anchor for the project.
💡 Trader’s Note:
The RSI is currently hovering in the neutral/oversold zone, suggesting that the selling pressure might be cooling off. Keep an eye on trading volume—a spike here could signal the start of a reversal.
Are you HODLing $ERA for the long term, or looking for a short-term scalp? Let’s discuss in the comments! 👇
#Caldera #ERA #CryptoAnalysis #BinanceSquare #Layer2 $ERA
