Follow the money:
$ERA broke above 0.07488, reaching a 60-day high. At the moment of the breakout, anyone who had bought in the past 60 days was sitting on an unrealized profit.
Trading value surged to 14.7 times the daily average: fresh money was buying while earlier holders took the opportunity to cash out. Which side has more staying power will depend on whether buyers step in during a pullback.
Markets move quickly, so don't rush to conclusions.
$ERA broke above 0.07488, reaching a 60-day high. At the moment of the breakout, anyone who had bought in the past 60 days was sitting on an unrealized profit.
Trading value surged to 14.7 times the daily average: fresh money was buying while earlier holders took the opportunity to cash out. Which side has more staying power will depend on whether buyers step in during a pullback.
Markets move quickly, so don't rush to conclusions.