Watch the structure $ERA /USDT is forming!
After surging to a high of 0.09116 and seeing a healthy pullback, the price is gaining bullish momentum again, trading at 0.08549 (+36.28%).
Key data on the 15m timeframe:
Active bullish structure: Candles are bouncing strongly above the MA(7) at 0.08180 and the MA(25) at 0.07885.
Market volume: More than 121.96M USDT traded over 24 hours.
Price range: A low of 0.06240, with price looking to retest the key 0.0880–0.0911 zone.
With the current candle closing green near the top of the range:
Will we have enough volume to break through the 0.09116 peak and reach new highs, or are we facing rejection at this resistance?
Share your analysis in the comments! $ERA #ERA #BinanceFutures
After surging to a high of 0.09116 and seeing a healthy pullback, the price is gaining bullish momentum again, trading at 0.08549 (+36.28%).
Key data on the 15m timeframe:
Active bullish structure: Candles are bouncing strongly above the MA(7) at 0.08180 and the MA(25) at 0.07885.
Market volume: More than 121.96M USDT traded over 24 hours.
Price range: A low of 0.06240, with price looking to retest the key 0.0880–0.0911 zone.
With the current candle closing green near the top of the range:
Will we have enough volume to break through the 0.09116 peak and reach new highs, or are we facing rejection at this resistance?
Share your analysis in the comments! $ERA #ERA #BinanceFutures