Aerodrome Finance (AERO) Leads Crypto Market Rally With 25% Spike — Open Interest Hits All-Time High

Key Takeaways

• On the 4-hour and daily charts, AERO’s price has broken out of a falling wedge and a descending channel.
• AERO’s Open Interest is rising, indicating growing trader exposure, which could support an extended rally.
• Funding rate has turned negative, suggesting that more short liquidations could amplify AERO’s gains.

AERO, Aerodrome Finance’s native token, has outperformed all other cryptos in the top 300. Over the past 24 hours alone, the AERO crypto price has surged by 25%

At press time, AERO is trading at $0.96, its highest level since February 25. This sharp move aligns with CCN’s earlier prediction, published six days ago, shortly after Aerodrome confirmed on-chain access for Coinbase users

However, the Coinbase integration is not the only factor driving AERO’s momentum. There is more behind this climb toward the crucial $1 threshold. Here’s what else is fueling the breakout and what lies ahead for the altcoin.

AERO Stays True to the Script

As highlighted in last week’s analysis, AERO’s breakout from the falling wedge pattern was a clear signal that an extended rally was close. Since then, the token has faithfully followed through

In the image below, the AERO crypto price has held above the upper trendline of the wedge. This price action confirms the breakout’s strength and suggests that bulls remain firmly in control.

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The Bull Bear Power (BBP) indicator further validated this bullish momentum. At press time, the BBP had a positive reading, signaling that bears had lost control.

Should this trend remain the same amid a rising Chaikin Money Flow (CMF) reading, AERO’s price will likely break $1 soon.

Amid this move, the project disclosed that it had generated more volume than the top pool on Ethereum.

“In the last 24 hrs, Aerodrome captured the top pool on Base —generating almost twice as much volume as the top pool on Ethereum Mainnet,” It revealed .

Short Squeeze Possible Amid Rising Exposure

Beyond this milestone, on-chain data from Santiment reveals a surge in AERO’s Open Interest (OI). This rise in OI is a sign that traders’ exposure to the token is increasing.

If this trend continues, it could further confirm that bullish momentum is strengthening, increasing the likelihood that AERO’s crypto price will push even higher.

From CCN’s findings, the recent Coinbase news unleashed massive speculative fervor for the token.

According to Coinglass, AERO’s funding rate has flipped into negative territory. This suggests that most open positions are short, as traders bet against the token’s continued rise.

However, if AERO’s price continues climbing, those with bearish positions may find themselves on the wrong side of the trade. Such an imbalance could precede a short squeeze, where forced liquidations of short positions fuel sudden price spikes.

AERO Price Prediction: Trend Stays Intact

A look at the daily AERO/USD chart reveals that the token has broken out of the upper boundary of a descending channel, effectively confirming its exit from a prolonged bearish phase.

This breakout is reinforced by the Awesome Oscillator (AO), which has now flipped into positive territory.

The Supertrend indicator, where the green line now sits below AERO’s price, adds to the bullish case. This signals that firm support is in place to keep the price moving higher.

If these indicators maintain their current positions, AERO’s price could soon challenge the $1.22 resistance. A successful breach of that level might pave the way for a rally toward $1.50, aligning with the 0.382 Fibonacci retracement level.

However, this outlook hinges on sustained demand. Should buying pressure fade, AERO’s market value could retreat toward $0.57, revisiting lower support.