AERO forms rounding bottom as bullish momentum strengthens

AERO price holds above $1.30 with EMA-9 support, signaling strong accumulation and bullish momentum toward higher levels in the near term.

Volume expansion confirms buyers’ control as the rounding-bottom pattern strengthens, with technical projections targeting the $1.80 to $2.20 range.

A retest of the breakout zone near $1.30 to $1.35 could validate strength before continuation toward higher resistance levels.

Aerodrome Finance (AERO) has gained momentum after completing a rounding-bottom pattern on the daily chart, trading at $1.45 as of writing. The cryptocurrency advanced 7.01 percent in the past 24 hours and 8.18 percent this week, with volume surging strongly.

Breakout Holds Above Key Support

Alpha Crypto Signal observed that AERO has broken out of its ascending channel while consolidating above the EMA-9 at $1.30.The 50-day SMA currently around $0.96 is on an upward trend, which also adds to the improving market structure. Therefore, trading above the $1.30 mark is perceived as a crucial support level to ascertain an uptrend.

Source: Alpha Crypto Signal

Moreover, the $1.25 to $1.35 area now acts as the first demand shelf following the breakout. A controlled retest of this zone could serve as healthy confirmation before further upside movement. Hence, traders are closely watching this area for signs of renewed strength.

Upside Targets Signal More Room to Grow

On the positive side the market exhibits a nice gap up to the $1.50 and the 1.60 where the prices have been rejected in the recent past. A firm break above these levels would help fuel a rapid increase above $1.80 and towards the highs near $2.20. Importantly, these objectives can be identified as being in agreement with Fibonacci levels of the preceding impulsive move, which provides technical confirmation.

Market sentiment has changed to accumulation as opposed to distribution as the lows are continuing to strengthen as well as volume has expanded in unison with a bullish structure. In addition, there is demand resilience in terms of consistent purchases near short-term moving averages.

Risk Levels and Trend Validation

Failure by the market to support itself above $1.30 on a closing basis could see the market fall back to the range between $1.15 and $1.20. In more significant selling, the next useful level is the 50-day SMA at around $0.96, followed by the former channel bottom at around $0.90.

Traders believe that the trend would continue as long as AERO trades above $1.30. In conclusion, the breakout developments on AERO reflect ambitions of a better bull power backed up by market action and technical configuration. Moreover, the confirmation of the breakout zone may set a basis of measured move towards $1.80-$2.20 in the forthcoming trading sessions.

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