Aerodrome Finance (AERO) Continues Its Upward Path

The Aerodrome token has secured the second spot on today’s list of trending coins. As a result, the token’s price has surged by an impressive 11.19%. The market continues to hold a promising outlook, which may encourage further buying momentum.

AERO Statistics

Current Price: $1.2300

Market Capitalization: $1.12B

Circulating Supply: 902.2M

Total Supply: 1.78B

CoinMarketCap Rank: 66

Key Levels:

Resistance: $1.3000, $1.8000, $2.3000

Support: $1.0000, $0.9000, $0.8000

AERO Edges Higher Above the 9-Day EMA

The Aerodrome token initiated an upward rebound from support just above the $0.7000 price level. Although the previous session presented a minor pullback toward the 9-day Exponential Moving Average (EMA), the ongoing session has rebounded notably higher.

As a result, the market shows signs of continuing its upward correction above the 9-day EMA curve. Meanwhile, the lines of the Stochastic Relative Strength Index (SRSI) indicator are converging but remain positioned upward, heading into the overbought region. This consequently signals that bullish forces are still strong and dominant in the market.

Aerodrome Finance Has More Room for Price Growth

In the AERO/USDT 4-hour chart, the market continues to display bullish momentum. Price action has remained strong for the past two sessions, trading above the 9-day EMA curve.

Furthermore, the SRSI indicator has delivered an upside crossover within the oversold region, and the ensuing lines maintain an upward trajectory. With price activity positioned above the EMA curve, the market appears to have room for continued upward movement toward a target near the $1.350 price level.

Make money without lifting your fingers: Start trading smarter today