Aerodrome trades flat after its Upbit listing, but bullish patterns hint at a possible rally.
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Key Takeaways
Despite its Upbit listing, AERO has stalled near $1.35, consolidating inside a symmetrical triangle.
The CMF slipped below zero, signaling outflows, while stiff resistance at $1.45 caps the upside.
AERO forms a bull flag on the daily chart, suggesting a potential breakout after the consolidation.
Unlike many altcoins that surge, Aerodrome Finance (AERO) failed to break out after securing an Upbit listing. At press time, AERO’s price traded around $1.35, showing little price movement since the announcement.
However, trading volume has increased during the same period, suggesting heightened market participation. The sideways action highlights that AERO is struggling to attract strong buying pressure, keeping the token in consolidation mode.
In this analysis, CCN reveals why AERO stalled despite the listing — and what could be next for the cryptocurrency.
Aerodrome Token Flat
Upbit confirmed the AERO listing earlier today. At 11:30 KST, trading pairs against Bitcoin (BTC), USDT, and the Korean Won (KRW) went live.
In the past, CCN has highlighted how Upbit listings trigger breakouts for newly added cryptos. This time, however, AERO’s technical setup suggests otherwise, as the altcoin has failed to deliver the same explosive reaction seen in previous cases.
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According to the 4-hour chart, AERO’s price is currently consolidating inside a symmetrical triangle. At the same time, the Chaikin Money Flow (CMF) has slipped below the zero line, signaling that capital outflows outpace inflows.
This combination reflects weakening buy-side pressure, which could make it harder for AERO to break out above the triangle’s upper trendline unless demand quickly returns.
Another factor holding AERO back is the stiff resistance at $1.45, which has repeatedly capped upward moves. However, the altcoin does have strong support levels at $1.21 and $1.02, giving bulls a base to defend.
As long as these supports hold, AERO may continue consolidating within its current range. However, a break above $1.45 could flip momentum bullish, while a drop below $1.02 would likely confirm a deeper correction.
However, looking at the daily chart, AERO’s price will unlikely experience a prolonged downtrend.
AERO Price Analysis: Bull Flag Forming
On the daily chart, AERO’s price has formed a bull flag pattern. The move began with a strong rally (the flagpole) to $1.42, followed by the current sideways consolidation phase (the flag).
This setup typically signals a continuation of the prior uptrend, suggesting that AERO could attempt another breakout to the upside if buyers regain momentum.
With increasing trading volume, AERO has a real chance to push higher. If bulls continue to defend the crucial support zone near $1.00, the token could break out of its consolidation and rally toward $2.33.
In a broader altcoin season scenario, AERO’s market value could climb as high as $3.61, extending its bullish trajectory.
Conversely, this bullish outlook may not hold if trading volume dries up. AERO risks sliding to $0.76 in that case, as selling pressure regains control.
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.
