Aerodrome Finance Rockets 60% in 7 Days—Is $1 the Next Stop or a Pitfall?
Aerodrome Finance just pulled off a gravity-defying 60% surge in a week—now traders are eyeing that psychological $1 threshold like hawks. But in DeFi, what goes up doesn’t always stick the landing.
Pump or Perish?
Another day, another altcoin mooning while Bitcoin hodlers nap. Aerodrome’s rally smells like classic DeFi: half innovation, half hopium. The protocol’s flying high now, but remember—even rockets need fuel (or in this case, sustainable yields).
DeFi’s Revenge Tour
After months of being crypto’s punching bag, decentralized finance is staging a comeback. Aerodrome’s pump isn’t happening in a vacuum—it’s riding the wave of fresh liquidity sloshing into Ethereum L2s. Cue the ‘this time it’s different’ chorus.
The $1 Mind Game
That magical dollar mark plays tricks on traders’ brains. Break it, and FOMO could send Aerodrome stratospheric. Miss it, and well… enjoy your ‘we were early’ consolation prize. Either way, grab popcorn—this is DeFi theater at its finest.
Just don’t bet your stablecoin farm on it. After all, what’s a crypto rally without a few bagholders left orbiting useless tokens? (There’s your cynical jab.)
AERO begins its recovery with the push beyond $0.8
Source: AERO/USD on TradingView
Since December, the Aerodrome Finance token has been on a downtrend. It fell a long way below the November lows, a sign that selling pressure was much greater than the buying pressure towards the end of 2024.
At the time of writing, the altcoin was still 25% below its early November 2024 low at $1.06. However, with its ascent above the high at $0.8, the 3-day market structure was bullish at press time. The $0.52-level had acted as a demand zone earlier this month.
The next key resistance zone is at $1, a psychological round number resistance. Due to how DEEP AERO has dropped since December, the Fibonacci retracement levels are even higher, at $1.55 and $1.89.
Despite the bullish structure break, the CMF was resolutely below the +0.05-mark to underline the lack of heavy capital inflows. The Awesome Oscillator was barely above zero – Another testament to the idea that momentum is only beginning to turn bullish on the higher timeframes.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
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