- $AERO trades within a falling wedge, signaling a potential bullish reversal on the daily chart.
- A double bottom formed near $1.06–$1.10, breaking the neckline but awaiting a retest entry.
- RSI at 62.43 and volume spike support momentum towards $1.49–$1.58 targets.
Aerodrome Finance (AERO) is currently priced at $1.14, down a bit by 1.87% in the last 24 hours but still up a strong 12.32% over the past week. Despite the recent dip, the technical signs show that buying interest is growing, with important support and breakout levels pointing to what might come next.
$AERO Sets Up for Potential Breakout on Daily Chart
Aerodrome Finance ($AERO) is showing strong signs it could be turning bullish. On the daily chart, the token is forming a falling wedge—a classic pattern that often hints at a price jump ahead.
Source CryptoPulse Via X
Looking closer at the 4-hour chart, $AERO has made a clear double bottom between $1.06 and $1.10. This zone has held firm as support, making it an important level to watch. The price has already broken above the neckline of this pattern but hasn’t yet come back to test that level, which could be a good entry point for traders looking to jump in.
The recent breakout candle closed above both the wedge resistance and this key support area, adding strength to the bullish case.This move shows that selling pressure is starting to ease, and the downtrend could be slowing down.
Momentum and Volume Confirm Bullish Bias
$AERO’s bullish momentum is gaining steam, with the Relative Strength Index (RSI) climbing to 62.43. This rise from oversold levels shows more buyers are coming in, but the token isn’t overbought yet, so there’s still room to move higher.
Volume is rising too, with a noticeable jump near the breakout area showing that buyers are getting more confident.High volume often signals that the price move could be more powerful and last longer.
If the price falls back to test the neckline between $1.10 and $1.15 and holds steady targets between $1.49 and $1.58 make sense, as those levels have been strong resistance before and are likely spots where traders might take profits.
Watch the Retest or Wedge Breakout Closely
Although the overall setup looks bullish, it’s important to stay cautious. If $AERO can’t hold above the wedge resistance or the neckline during a retest, the positive outlook could fall apart, leading to further drops.At the moment, the charts and momentum point toward a possible upward move.
