Aerodrome Finance (AERO) is moving in a stable to bullish phase despite the cooling-off period in the crypto market. According to CoinMarketCap, the token price has remained stable over the last 24 hours, but it has surged by 21.35% over the last week.
At the time of writing, the token is trading at $0.4606 with a trading volume of $25.95 million, which has declined by 25.8% over the last 24 hours. However, its market capitalization stands at $426.85 million, which is stable.
Source: CoinMarketCap
Also Read: Aerodrome Finance (AERO) Could Bounce to $0.40 or Drop to $0.25
AERO Eyes $0.49 After Cup and Handle Breakout
Furthermore, the crypto analyst Alpha Crypto Signal pointed out that the token has confirmed a cup and handle breakout, a bullish continuation pattern forming after extended consolidation.
The rounded base reflects steady accumulation, followed by a controlled handle pullback. Buyers have now pushed the token above neckline resistance, signaling renewed momentum and a potential shift in market control from sellers to buyers. The breakout structure looks strong.
Source: Alpha Crypto Signal’s X Post
If AERO sustains its feet above the breakout region, the bullish scenario will still remain valid, and it could move up to $0.49 and even further.
However, if the price fails to sustain its feet above the breakout point, there might be a short-term pullback, which will undermine the overall momentum. Overall market reaction remains critical.
AERO Technicals Point to Strong Bullish Recovery
According to TradingView, AERO is enjoying an obvious uptrend as it keeps making higher-high formations. The price is trading above its 20-period exponential moving average, which acts as key support.
The formation of consolidation is currently taking place below the middle Bollinger band as traders are accumulating ahead of their next direction.
Source: TradingView
The uptrend remains intact technically as long as the price holds above the moving averages. The larger the distance between the longer-term 100 EMA and 200 EMA lines, the stronger the momentum.
Further gains to a break above the resistance level will be seen; otherwise, a breakdown from these levels will lead to a deeper retracement.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: AERO Price Consolidates, Breakout Above $0.40 Could Trigger Uptrend
