Aerodrome Finance (AERO) is maintaining a positive price trajectory, with investors showing increased confidence in the asset. Over the last 24 hours, the token climbed 3.56%, and its weekly performance showed a strong 14.07% surge.
At the time of writing, the token is trading at $1.29 with a market capitalization of $1.15 billion. Daily trading volume has slipped by 44.84% to $136.53 million, though the overall price strength suggests ongoing bullish momentum.
Market sentiment remains positive as the token has held above key support zones. The token bottomed near $0.50 earlier this year and has since rallied with a strong reversal pattern. After clearing the $1.00 barrier, the level flipped into reliable support, reinforcing a bullish structure.
Also Read: AERO Surges 2.2% as Bulls Gear Up for $2.36 Breakout
Chart patterns highlight AERO’s strong technical position. The rounded bottom breakout has established higher lows, and consolidation suggests potential for further continuation. Analysts are monitoring the $1.10–$1.00 range as a critical neckline. A break below this zone could trigger a short-term bearish reversal, but holding above it keeps the outlook constructive.
Attention is now shifting toward upside targets. A push through $1.50–$1.60 resistance could unlock the path toward $1.80. This level represents a major resistance from previous action and is likely to attract profit-taking from traders. A decisive breakout above $1.80 with rising volume would generate price discovery with new highs. A fall to $1.00 or lower would make momentum bearish, with $0.75 and $0.50 being potential downside indicators.
Market data shows rising participation. Open interest rose to $111.75 million with a 0.71% gain. Such a rise is a sign of rising deployment of capital, a signal that new long positions are being taken instead of speculative short-term positions.
Funding rate adds weight to this positive picture. With the OI-weighted rate at 0.0072%, long positions are paying shorts, signifying most traders anticipate further increases. Interestingly, the rate is not too high, limiting the risks of liquidations and suggesting a healthier market.
Overall, Aerodrome Finance is holding its ground on its bullish path. As long as the price maintains structure at or above $1.00 and builds momentum near $1.50, it’s a setup for another potential surge.
Also Read: Aerodrome Finance Price Prediction: Can AERO Rebound Toward $1.50?
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