The post AERO Price Surges 43% in a Week on Coinbase DEX Boost appeared first on Coinpedia Fintech News
Aerodrome Finance has made it to the limelight of the DeFi market this week, surging +23.31% in the past 24 hours. Whilst maintaining a 43.43% gain over the last seven days. The drive has come from ecosystem growth and a major exchange integration. The AERO price is around $1.08, with a market capitalization of $954.32 million and a massive 294.4% volume surge that has taken the numbers to $265.93 million.
The rally coincides with Coinbase’s August 8 launch of decentralized trading within its app via the Base network. Directly benefiting Aerodrome as it processes the lion’s share of Base’s DEX transactions. Curious about the AERO price in the coming time? This price analysis is all you need.
AERO Price Analysis
Talking from a technical perspective, AERO has made an explosive breakout from the $0.92 resistance zone, rallying to test the $1.12 resistance. This is a level not charted in months. The sharp upward move was accompanied by a 420% surge in trading volume, signaling strong conviction among buyers.
Coming to indicators, Bollinger Bands show prices riding the upper band, reflecting aggressive bullish momentum. Meanwhile, the RSI has climbed to 70.84, tipping into overbought territory. While this suggests the possibility of a short-term pullback, sustained buying pressure could see AERO attempt the next major resistance at $1.36.
However, on the downside, the support now sits at $0.92, with deeper levels near $0.867. As long as AERO remains above these supports, the bullish structure remains intact. Successively, if bullish momentum sustains and $1.12 is decisively broken, a rally toward $1.36 becomes probable. Conversely, a rejection could see consolidation between $0.92 and $1.12 before the next leg.
FAQs
AERO price surged due to Coinbase’s DEX integration and rapid Base ecosystem growth, boosting volume and demand.
Yes, with RSI at 70.84, AERO is in overbought territory, signaling potential short-term pullbacks.
The resistance sits at $1.12 and $1.36, while, the support is at $0.92 and $0.867.
