AERO is turning heads again after bouncing back strongly during the latest wave of market volatility. As the main decentralized exchange (DEX) token on Base, Coinbase Layer 2 network, AERO has quietly become one of the top performers in its ecosystem.
While AERO price dipped slightly over the past 24 hours, momentum remains strong, and many traders are now eyeing a possible breakout above the $1 mark.
A post from prominent analyst CryptoED on X(Formerly Twitter) summed it up: AERO “stood out as the top performer during the recent dip” and looks “poised to break past the $1 mark.”
He also pointed out that any SEC approval allowing Coinbase to roll out on-chain stock trading could put a major spotlight on the Base network and by extension, on AERO.
Bullish Price Trend and Support Levels
AERO run started in early June when it bounced from a low of $0.4772 and climbed all the way to $0.9576, nearly doubling in just a few weeks.
Since then, AERO price has cooled a bit, but instead of falling off, it’s formed higher lows. That’s usually a good sign that the uptrend is still intact and that buyers are stepping in on dips.
Source: X/CryptoED
At the time of writing, AERO is trading around $0.8132. It’s also holding above all three key moving averages: the 7-day ($0.8122), 50-day ($0.6660), and 100-day ($0.5774). That’s the kind of alignment traders like to see in a continuing uptrend.
Key Technical Zones and Volume Activity
Right now, resistance sits just below the $0.96 level, the local high from mid-June. If AERO price can push through that with solid volume, it might test $1.00 soon after.
That level has psychological weight, and breaking it could attract even more buyers. On the downside, support looks strong near $0.6293, which lines up with the 50-day moving average and a past resistance flip.
Volume has tapered off slightly since the rally, which isn’t unusual during consolidation. It shows some traders likely took profits, but there’s no clear sign that momentum has reversed.
Read Also: Why is Aerodrome Finance (AERO) Price Up?
Momentum Building Around Base and AERO
AERO has lost about 2.25% in the past day and over 13% this past week, but it’s still up more than 60% over the last 90 days.
The 30-day numbers are also green, with a 36% gain. It’s worth noting that even after this recovery, AERO price remains down about 41% for the year, so there’s still room to grow if bullish conditions hold.
With Coinbase Base network gaining traction and talk of potential regulatory breakthroughs for on-chain stock trading, AERO could continue riding the wave.
If AERO price clears $0.96 with strong buying pressure, the next leg up could come fast, and all eyes are on that $1 breakout.
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The post Aerodrome(AERO) Price Could Hit $1, Says Analyst Amid Base Surge appeared first on CaptainAltcoin.
