• AERO surged 54% with strong bullish momentum.
• Rising open interest supports AERO’s breakout above $1.25.
• Volume decline signals caution, but bullish indicators favor a rise.

Aerodrome Finance (AERO) continues to ride a wave of strong bullish momentum, recording impressive gains amid a broadly bullish crypto market. The token has gained 2.84% in the past 24 hours and 54% over the last week.

At the time of writing, the token is trading at $1.21 with a market capitalization of approximately $1.06 billion. However, trading volume has decreased by 39.63% over the last 24 hours to $148.39 million, indicating a decline in immediate trading activity.

Also Read: AERO Aims For $1.12 Following Coinbase DEX Launch

AERO Price Near Key Support and Resistance

Price action reveals token holding firm near a critical technical level. According to Bollinger Bands, the current price is near the middle band, approximately $1.21, which serves as both dynamic support and resistance.

The upper band sits at $1.25, marking the first key resistance level, while the lower band near $1.16 offers solid support. Traders should watch the $1.25 resistance zone closely.

A clear breakout above this point, especially with volume support, could unlock further gains toward the next target around $1.27. A minor retracement toward the $1.16 support is possible if resistance holds.

Momentum indicators back the bullish outlook: The Relative Strength Index (RSI) stands at 54.91, reflecting moderate but healthy bullish momentum. The MACD line remains above its signal line, with green histogram bars pointing to potential upward price movement.

Rising Open Interest Supports AERO Rally

According to data from CoinGlass, despite positive price action, the platform’s metrics provide conflicting signals. Trading volume dropped 45.74% to $236.85 million, signaling deceleration, while Open Interest rose 4.65% up to $95.97 million, indicating traders are taking long positions.

The mildly bullish 0.0066% funding rate supports this bias, but the declining volume calls for caution, as higher volume is essential for solid and enduring upswings.

The token shows strong bullish momentum, holding steady near $1.20. Key resistance at $1.25 is crucial for potential gains toward $1.27, while support at $1.16 offers risk management for short-term trades. Despite lower volume, rising open interest and positive funding rates indicate ongoing bullish strength.

Also Read: Aerodrome (AERO) Gains 37 % in One Month as Breakout Signals Continue to Strengthen