Oh my, it’s barely morning and I haven’t even had a sip of hot tea, and $ERA is already making waves, guys! 👀 This coin is taking the market by storm, up +9.79% in 24h, with derivatives trading volume also approaching 12.7 million USDT. The H4 candle alone is 2.86x the average of the past 20 candles! The buying pressure is no joke.
Looking at the chart, it’s clearly living up to its hot-coin reputation. On the 1H timeframe, the price is trading at $0.0932 above MA25 ($0.0886), while MA7 ($0.0948) is also supporting the upward momentum. RSI at 56.1 still has room to run, and the MACD histogram’s positive momentum is expanding. What’s especially notable is that Binance has had to buy $ERA on the spot market to replenish its hot wallet after the hack, while withdrawals are still temporarily suspended. This situation is forcing short sellers to pay a negative funding rate (-0.1112%/8h). Open Interest is up +18.2%, showing that money is flowing in quite strongly, although top traders’ Long positions remain balanced at 51.0%.
However, we need to stay level-headed. The 1D timeframe shows that $ERA has risen nearly 40% over the past 7 days, and RSI has also reached 67.7.
Looking at the chart, it’s clearly living up to its hot-coin reputation. On the 1H timeframe, the price is trading at $0.0932 above MA25 ($0.0886), while MA7 ($0.0948) is also supporting the upward momentum. RSI at 56.1 still has room to run, and the MACD histogram’s positive momentum is expanding. What’s especially notable is that Binance has had to buy $ERA on the spot market to replenish its hot wallet after the hack, while withdrawals are still temporarily suspended. This situation is forcing short sellers to pay a negative funding rate (-0.1112%/8h). Open Interest is up +18.2%, showing that money is flowing in quite strongly, although top traders’ Long positions remain balanced at 51.0%.
However, we need to stay level-headed. The 1D timeframe shows that $ERA has risen nearly 40% over the past 7 days, and RSI has also reached 67.7.
