AERO Is Coiling After a 12% Pop—One Break Could Flip the Whole Range
AERO price rose 12% but remains in consolidation, needing to break $0.352 resistance amid bullish sentiment indicators.Summary
Aerodrome Finance (AERO) price increased by 12% but is currently stuck in a sideways consolidation range. Technical indicators suggest cautious optimism, as the Chaikin Money Flow (CMF) indicator shows declining outflows and increasing inflows, reaching a three-and-a-half-month high, signaling returning capital and confidence.
Futures market data supports this bullish view, with long positions dominating, totaling about $2.35 million. A critical resistance level is set at $0.351/$0.352; breaking this could trigger significant short liquidations, potentially accelerating momentum towards $0.400, especially as the Squeeze Momentum indicator shows building compression.
Conversely, failure to break resistance could lead to continued consolidation between $0.352 and $0.292. A decisive drop below $0.292 would invalidate the current recovery structure, potentially sending AERO down toward support levels at $0.273 or $0.243.
(Source：BeInCrypto)