Coinbase to integrate Aerodrome DEX access, sparking AERO rally.
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Key Takeaways
AERO jumped 15% on the Coinbase integration news, rising from $0.54 to $0.68 before returning to $0.62.
A massive resistance zone lies ahead, as 8,720 addresses hold 104 million AERO between $0.66 and $0.69.
AERO could target $0.73 and approach $1, but a drop below the 20 EMA could invalidate the bullish setup.
Aerodrome’s native token AERO surged 15% following news that Coinbase will integrate the decentralized exchange (DEX) access directly into its app. Before the announcement on Thursday, June 12, AERO’s price was $0.54.
Hours after that, the cryptocurrency’s value skyrocketed to $0.68 before it pulled back to $0.62. With this move, Coinbase users can access on-chain trading via Aerodrome.
But what does this imply for the altcoin’s price? Let’s find out.
AERO Breaks Bearish Pattern
Between May 23 and June 9, AERO’s price fell from $0.70 to $0.50, hitting lower highs and lower lows. Eventually, it formed a falling wedge, which is a bullish pattern.
The altcoin later broke out of the upper trendline of the wedge earlier this week. However, it could not hold the gains as AERO dropped from $0.61 to $0.54.
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But as soon as Aerodrome announced the Coinbase integration yesterday, the trend changed, leading AERO’s price to spike.
“We will integrate DEXs from Base directly into the main Coinbase app, enabling Coinbase users to access and trade millions of assets on-chain,” The project stated.
In response to the disclosure, Coinbase replied: “Slowly, then all at once” — a subtle nod that suggests the integration is in the works.
Despite the AERO pullback, the 4-hour chart shows that the Relative Strength Index (RSI) remains above the neutral line, indicating bullish momentum.
If sustained, AERO could retest the $0.67 level and potentially break higher. But bulls face a key challenge—a thick supply wall between $0.66 and $0.69.
Resistance Ahead
On-chain data from IntoTheBlock shows that 8,720 addresses bought over 104 million AERO in this range and are currently underwater. That cluster now acts as resistance, as holders may look to exit at breakeven.
In contrast, fewer tokens were bought in profit between $0.56 and $0.62, validating the weight of sell pressure overhead.
For a breakout to occur, buying volume must overpower this resistance zone. If that happens, AERO could clear $0.69 and open the door to fresh upside.
AERO In/Out of Money Around Price | Credit: IntoTheBlock
AERO Price Analysis: Eyes on $1
In addition, the daily chart shows that AERO’s price has also broken out of a falling wedge. Amid that move, the Awesome Oscillator (AO) has flashed green bars.
This change in the trend indicates rising bullish momentum. To support this, the altcoin’s price has also risen above the 20-day Exponential Moving Average (EMA).
This indicates strong support for the uptrend. AERO might break past the upper resistance at $0.73 if this continues.
Once validated, this could push the market value toward the $1 mark at the 618 golden ratio. On the other hand, this prediction might be invalidated if AERO’s price drops below the 20 EMA.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
