The price of AERO, the native token of Aeroderm Finance, increased by 12% within a single day. According to NS3 AI data, despite this rise, AERO continues to trade sideways within a broad range. Technical indicators and futures data reflect cautious optimism among investors. Experts have identified a key resistance level at $0.351 for AERO; surpassing this level could trigger a short squeeze, potentially driving the price higher. Conversely, failure to break this resistance and a drop below $0.292 may signal weakness and a bearish trend for the token. Aeroderm Finance is a decentralized finance (DeFi) protocol offering various financial services, including cryptocurrency trading and liquidity provision, with AERO playing a crucial role in its ecosystem. Market volatility is common in the crypto space, and AERO’s recent price movements are part of this trend. Investors are advised to remain cautious as downside risks persist, with the market’s direction in the coming days likely dependent on the ability to breach these resistance and support levels.
Source: binance
