Aerodrome AERO0.63%-> briefly traded at $0.683, still below the $0.718 resistance level after bouncing off the $0.596 support level. The altcoin briefly broke below $0.655, but managed to recover quickly – signaling an improvement in sentiment as traders await clearer confirmation of the bullish trend.
Aerodrome Finance’s announcement that their main domain will be back up this week may boost investor confidence. Previously, on November 21, the platform’s centralized domain was hijacked and redirected to malicious content.
However, the relaunch on new infrastructure is expected to strengthen market confidence and push AERO through $0.718, with further upside potential to $0.814.
If the bullish momentum weakens, AERO is likely to move in a range between $0.718 to $0.655. A drop below $0.655 will weaken the current outlook and invalidate the bullish assumption.
AEROUSDT
Perp
0.6051
-0.59%