TL;DR
Aerodrome Finance (AERO) jumped 29% in a single day, consolidating a rebound within an ascending channel that is driving its recovery after months of market pressure.
The token broke through the key 50% retracement resistance at $0.81 and is now targeting the 61.8% Fibonacci retracement level near $1.04, where buyers are focusing their attention.
AERO is trading at $1.02, with volume up 401% to over $157 million and market capitalization up 29%, approaching $900 million.
Aerodrome Finance (AERO) posted a 29% surge in one day, consolidating a strong rebound within an ascending channel that is pushing its recovery after months of selling pressure in the crypto market.
This increase marked a turning point in the token’s trend, as it clearly surpassed the key 50% retracement resistance at $0.81, a level that had previously capped its advances. The immediate target now sits at the 61.8% Fibonacci retracement, near $1.04, where buyers are focusing their efforts.
At the moment, AERO is priced at $1.02 per unit. Its trading volume jumped an impressive 401%, surpassing $157 million. Market capitalization also rose by 29%, moving close to $900 million.
The Relative Strength Index (RSI) climbed from neutral territory to 56, reflecting steady growth in demand accompanying the price increase. At the same time, the MACD line is nearing a bullish crossover above its signal line, which could confirm another upward impulse if it materializes. These technical signals support the view that AERO is in a positive cycle within its current structure.
However, the token holds a key support level at $0.81. A drop below this point could trigger a pullback toward the 100-day exponential moving average, located at $0.75. This level would act as a buffer against further declines, helping to preserve the integrity of the ascending channel.
The Drivers Behind AERO’s Rally and Other Altcoins
Aerodrome Finance’s rebound coincides with a favorable environment for altcoins in general, following President Trump’s signing of the Crypto 401k executive order, which reignited market interest. Pendle and Mantle also recorded significant bullish moves, with Pendle gaining over 25% in 24 hours and Mantle nearing an all-time high after breaking out from a wedge pattern.
AERO’s rally has signaled a shift in investor sentiment toward specific assets with clear technical potential and well-defined support structures. The token’s performance in the coming weeks will be key to determining whether it can sustain its recovery. Its momentum could attract new buyers looking for tokens with favorable technical setups and short-term growth potential.
Aerodrome Finance delivered a strong performance that places it among the top altcoins. Its breakout and consolidation within the ascending channel, combined with technical indicators pointing upward, position it as one of the most active and promising assets in the current market
