AERO Token Breaks $1.20, Eyes $1.58 Amid $10M Open Interest
Aerodrome Finance’s AERO token surged over 10% in 24 hours, reclaiming the $1 level and breaking above the critical $1.20 resistance. Weekly gains climbed 44%, driven by strong momentum in Base ecosystem tokens such as UNI, VIRTUAL and KTA. Open Interest jumped from $6.96M to $10M, while a bullish MACD crossover and rising moving averages signal continued upward pressure. On-chain metrics show holder addresses rising from 670.6K to 682.3K, daily active users at 51.6K and trade counts hitting a three-year peak with over 5.2M daily transactions. Total Value Locked on Aerodrome Finance stood at $472M, with $697K on Aerostrategy, and deflationary veAERO staking burning tokens to tighten supply. Traders should watch the $1.20 support zone for AERO token: holding it could pave the way to the $1.58 seasonal high, while a drop below may trigger a swift pullback. Monitor Base ecosystem momentum, Open Interest trends and veAERO lock-up dynamics for further upside signals.
Bullish
AERO token’s sharp rally and breakout above the key $1.20 level, combined with a 44% weekly gain, demonstrate strong bullish momentum. Open Interest rising to $10M, a bullish MACD crossover and rising moving averages indicate sustained buying pressure. On-chain metrics—growing holder count, record daily transactions and expanding TVL—highlight increasing liquidity and user engagement. Deflationary veAERO staking further tightens supply, reinforcing upward pressure. In the short term, holding support at $1.20 could trigger a test of the $1.58 seasonal high. Over the longer term, continued strength in the Base ecosystem and veAERO lock-up dynamics may sustain the uptrend, making the outlook bullish.