ERA -36.4% in 24 Hours Amid Sharp Downturn in Volatility and Liquidity

On SEP 12 2025, ERA dropped by 36.4% within 24 hours to reach $0.00080486, marking one of the most significant single-day declines in its recent history. The price depreciation continued over the longer term, with the token down 235.48% over the past seven days, 824.98% in one month, and 4821.25% in the last year. The steep decline suggests a substantial loss of investor confidence and liquidity, potentially driven by external factors such as a broader sell-off in the crypto market or strategic shifts in project fundamentals.

The price movement has been accompanied by a breakdown in key technical indicators. The Relative Strength Index (RSI) has fallen below 30, signaling oversold conditions and potential for a short-term bounce. However, the Moving Average Convergence Divergence (MACD) remains in a bearish crossover, indicating continued downward momentum. The 200-day Simple Moving Average (SMA) has acted as a strong resistance level, which the price has failed to cross in the past three months, reinforcing the bearish trend.

The breakdown in these metrics suggests a lack of immediate support from technical buyers or stabilizing inflows. Traders and analysts are closely watching whether the price can hold above the next major support level at $0.00075, which could determine the next phase of the price action. Analysts project that a break below this level may lead to further declines toward $0.00060 within the next two weeks, based on current market conditions.