Aerodrome Finance Retains a Vulnerable Posture - learn2trade
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Aerodrome Finance (AERO) Retains a Vulnerable Posture

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Azeez Mustapha

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As Aerodrome Finance records a modest price increase, the token ranks second on today’s list of trending coins. This follows a 6.16% price gain. However, despite the rebound, the token continues to trade below key technical levels, and downward pressure may still remain dominant.

AERO Statistics

Current Price: $0.3945

Market Capitalization: $361.04M

Circulating Supply: 916.34M

Total Supply: 1.83B

CoinMarketCap Rank: 100

Key Levels

Resistance: $0.4000, $0.4500, $0.5000

Support: $0.3500, $0.3000, $0.2500

Aerodrome Finance (AERO) Retains a Vulnerable Posture

Aerodrome Finance Approaches a Potential All-Time Low

The AERO/USDT pair has been pushing toward lower price levels but has staged a moderate rebound in the ongoing session.

Despite this recovery, price action remains below the 9-day Exponential Moving Average (EMA), and the market has not fully recovered from the losses recorded in the previous session.

Major Developments Around Aero

Last week delivered several key developments, including CoinDesk’s coverage of Aero’s launch, insights into market-aware buybacks, and a global recap of Aerodrome FX activity. The week also highlighted the rollout of MetaSwaps on Aero and the platform surpassing an impressive $350 billion in all-time trading volume.

Aerodrome Finance Approaches a Potential All-Time Low (Continued)

Meanwhile, the Stochastic Relative Strength Index (SRSI) lines remain in the oversold region but have produced a bullish crossover. The indicator lines are now projecting upward from the oversold zone. Although the trajectory appears favorable, the position of the indicator still suggests market vulnerability.

Aerodrome Finance (AERO) Retains a Vulnerable Posture

AERO Builds a Base but Remains Vulnerable

On the 4-hour chart, Aerodrome Finance shows short-term bullish momentum. However, given the overbought condition indicated by the SRSI, only short-term trading opportunities appear viable.

Aerodrome Finance: LAST WARNING!!!

Despite the massive sell-off across the crypto market, this appears to be a time to focus on quality projects such as Aerodrome Finance. Investors should prioritize projects with the right metrics for an impressive comeback.

AERO Builds a Base but Remains Vulnerable (Continued)

The terminal ends of the SRSI lines are in the overbought region, with the leading line beginning to flatten slightly.

The current session is represented by a green price candle that has moved above the 9-day EMA. As a result, price action is approaching the $0.4000 resistance level. Nonetheless, due to the overbought condition, the $0.4000 level may act as a barrier to further upside movement.

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