This move comes weeks after the altcoin rallied out of a falling wedge, another reversal pattern that typically marks the end of a downtrend and the start of a sustained rally.
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The fact that the Aerodrome crypto has followed up that wedge breakout with an ascending channel breakout strengthens the argument for continued bullish momentum.
Beyond that, the Chaikin Money Flow (CMF) has climbed above the zero line. This move indicates that capital inflows outweigh outflows.
In AERO’s case, if this trend continues, the market value could be ready to break the resistance at $2.12, with bulls holding the support at $0.73.
Interestingly, this technical setup matched Ethereum’s price action before eventually surpassing $4,000. At the same time, this might not surprise some market observers.
Because Base uses ETH for gas fees — and many AERO trading pairs involve ETH or wrapped ETH — the two assets are closely connected through liquidity and trading activity.
When examining recent price action, it’s clear that the Aerodrome crypto has largely followed ETH’s movements over the past few months. In the last 90 days, AERO’s price has soared 122%, while ETH has climbed 86.89% over the same period.
This correlation suggests that Ethereum could heavily influence AERO’s short- to mid-term performance.
Thus, if ETH’s price continues to rally, AERO may benefit proportionally — or even outperform — given its stronger recent percentage gains.
AERO Price Prediction: Bullish Trend Strengthens
Like the 4-hour timeframe, the Aerodrome crypto also flashes a bullish setup on the daily chart. The price has broken above its resistance trendline, signaling a possible continuation of the upward move.
The green line of the Supertrend indicator has shifted below the current price, reinforcing the bullish bias and suggesting that AERO’s price is trading in a buy zone.
Meanwhile, the Awesome Oscillator (AO) is in positive territory, confirming that short-term momentum is bullish.
This alignment between price breakout, Supertrend support, and positive AO strengthens the case for further upside.
Should this trend continue, AERO’s price might breach the $1.48 resistance and hit $2.10. In a highly bullish case, the altcoin’s market value could climb toward $3.
On the contrary, this potential rise to $2 might happen if profit-taking increases. Instead, AERO might slide toward $1.26.
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.
