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bonk
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bitcoin
Bitcoin (BITCOIN)
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ethereum
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binancecoin
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solana
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Aerodrome Finance Price Surges 3% Amid Expanding Ecosystem

Highlights:

  • The Aerodrome Finance price is showing strength, surging 3% to $1.22.
  • Users can now easily deploy and trade any Solana token on Base and vice versa via the Aerodrome Launcher.
  • AERO TVL shows momentum as bullish indicators signal a potential rally to $1.32 soon.

The Aerodrome Finance price is showing immense strength, surging 3% to $1.22. The daily trading volume has notably climbed 280% to $250 million, indicating an increase in investor confidence. Meanwhile, the crypto space is buzzing with anticipation as AERO makes a breakthrough.

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Further, the Solana Tokens are now bridging to Base, Coinbase’s layer-2 offering. Users can now easily deploy and trade any Solana token on Base and vice versa via the Aerodrome Launcher, creating new opportunities without a listing. As the Base-Aerodrome integration ceiling rises, both expect to unlock new avenues to expand DeFi with fresh highs and successes.

Further, this will allow access to tokens that were previously limited to Solana. Further, Aerodrome also hinted that they may participate in Base’s largest airdrop in history, which has excited the community. New users and liquidity can join the rapidly growing ecosystem. This would also bring up new opportunities for rewards and participation.

AERO Price and Metrics Indicate a Bullish Sentiment

From a technical perspective, the Aerodrome Finance price has seen impressive growth. Currently, AERO has a total value locked (TVL) of $643.64 million. This shows the coin has good liquidity. The 30-day DEX volume for AERO is $20.59 billion, showing active trading and increasing market participation.

Aerodrome Finance Total Value Locked. Source: DeFiLlama

Based on a price chart, the AERO/USD 1-day chart fell slightly by -6.41% to trade at $1.22. Nevertheless, it is currently consolidating within a triangle pattern, with the bulls having the upper hand. AERO is above its short-term and long-term moving averages, a positive indicator for a potential upside movement. 

Aerodrome Finance Price
AERO/USD 1-day chart: TradingView

The RSI value of 51.57 is neutral, indicating AERO still has potential to advance without being overbought. Furthermore, the MACD indicator has generated a buy signal. The bullish momentum is building, prompting traders to buy more AERO tokens. 

What’s Next for Aerodrome Finance Price

Aerodrome Finance price is facing some resistance around the $1.32 mark. This barrier has historically suppressed prices. If AERO breaks and holds above this level, the token might target the next resistance at $1.53.

On the flip side, if the bears take control and push it below $1.15 support zone, traders could expect a slide toward $1.11-$0.87. Volumes have been strong, surging over 200% and showing intense buying pressure. In the short term, the Aerodrome Finance price has the potential to reach $1.54 if momentum persists. In the long term, breaking $1.54 could signal a 1.90-$2.00 parabolic move, but a pullback seems likely first.

As the project grows its ecosystem and gets more attention from the market, it will be nice to see how the DeFi space changes. Aerodrome’s roadmap and partnerships look promising, with great potential for investors both in the short-term and the long-term, in a competitive and evolving industry.

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