ERA drops 36.4% within 24 hours as market volatility and liquidity experience significant decline

On September 12, 2025, ERA experienced a sharp decline of 36.4% in just one day, dropping to $0.00080486. This represents one of its largest single-day losses in recent memory. The downward trend has persisted, as the token has plummeted by 235.48% over the last week, 824.98% during the past month, and an astonishing 4821.25% over the past year. Such a dramatic fall points to a significant erosion of investor trust and liquidity, possibly influenced by external factors like a widespread sell-off in the crypto sector or fundamental changes to the project itself.

This price drop has been mirrored by deteriorating technical indicators. The Relative Strength Index (RSI) has slipped below 30, indicating oversold territory and the chance for a brief rebound. Despite this, the Moving Average Convergence Divergence (MACD) remains in a bearish alignment, suggesting persistent downward pressure. For the past three months, the 200-day Simple Moving Average (SMA) has acted as a formidable ceiling that the price has been unable to surpass, further confirming the ongoing bearish sentiment.

These negative signals reveal there is little immediate support from technical buyers or fresh capital. Traders and market observers are monitoring whether the price can stay above the key support level of $0.00075, which could play a crucial role in determining future price movements. Should the price fall below this threshold, analysts anticipate a potential slide toward $0.00060 over the coming two weeks, given current market dynamics.