AERO price jumps 20% as it defies crypto downturn

[adinserter block=”2″]

AERO price jumps 20% as it defies crypto downturn


Aerodrome Finance token AERO is skyrocketing.
The AERO price has jumped 20% in 24 hours as it defies broader crypto downturn.
Recent Coinbase integration looks to be the key driver.

Aerodrome Financeโ€™s native token, $AERO, has surged by 20%, reaching $0.96.

The token is surging despite a broader cryptocurrency market downturn, with AERO price up 74% in the past week.

As Bitcoin and major altcoins face selling pressure, with BTC struggling below $105,000, $AEROโ€™s resilience stands out.

Escalating tensions in the Middle East have heightened market uncertainty, contributing to a cautious outlook for cryptocurrencies.

However, as investors show caution amid geopolitical risks impacting global markets, $AERO is riding recent Coinbase news to eye a breakout above $1.

Thereโ€™s growing confidence in Aerodrome Financeโ€™s decentralized exchange (DEX) ecosystem on the Base chain.

Aerodrome Finance price: AERO pumps 20%

While Bitcoin grapples with weekly decline and many altcoins bleed, $AERO has defied the trend, climbing 20% in a single day and 74% over the past week.

The token has broken above its 200-day exponential moving average, hitting its highest price in over four months.

It is now on the cusp of reclaiming the $1 mark, a level not seen since early 2024.

This performance positions $AERO to potentially outpace most altcoins in the short term.

AEROโ€™s price surge is primarily driven by Coinbaseโ€™s integration of Aerodrome Finance, the second-largest DEX on Base with over $1 billion in total value locked (TVL).

The integration, announced recently, exposes $AERO to Coinbaseโ€™s 10 million-plus users, boosting liquidity and adoption.

Additionally, a 1.3ร— boosted airdrop for Coinbase One users and new token launch fees for stakers have fueled investor enthusiasm.

AEROโ€™s 74% weekly gain and Coinbaseโ€™s role in its rally reflect strong community sentiment.

The Aerodrome Finance team notes the platform is getting greater attention.

โ€œAt Aerodrome, we believe in leveling the playing field not just in the DEX space, but beyond it: Fair and transparent access to capital is as vital as fair and transparent access to information,โ€ they posted on X.

โ€œ[Thatโ€™s] why weโ€™re proud to announce that Aerodrome holds the 2nd highest score in @Blockworks_ new Token Transparency Framework, helping pioneer a new standard of trust in crypto.โ€

Aerodrome Finance price prediction

Analysts are optimistic about $AEROโ€™s trajectory, given its technical breakout and fundamental catalysts.

The token recently surpassed the 50% Fibonacci retracement level from its all-time high of $2.33 to its year-to-date low of $0.282.

The next resistance lies at $1.04, which, if breached, could propel $AERO toward $1.50 in the near term.

However, a pullback to $0.70 or $0.60 remains possible if market volatility intensifies.

Long-term, $AEROโ€™s close ties to Coinbase and its dominance on Base position it as a leader in the DEX space.

With over 1 million tokens locked for governance and public goods, the protocolโ€™s fundamentals remain robust.

While Middle East tensions may cap broader market gains, $AEROโ€™s unique catalysts suggest it could continue to outperform, potentially reaching $2 by year-end if bullish momentum persists.

ย 





Source link

[adinserter block=”2″]