AERO Token Surges 14% Weekly, Eyes $1.60 Breakout

Aerodrome Finance’s AERO token is maintaining a robust bullish trajectory with impressive performance metrics. Over the last 24 hours, the cryptocurrency recorded a 3.56% gain, while its weekly performance showed an even more substantial 14.07% surge. At the time of reporting, AERO is trading at $1.29 with a market capitalization of $1.15 billion, demonstrating significant investor interest in the DeFi token.

The technical structure reveals a compelling bullish pattern that has been developing since earlier this year. AERO bottomed near $0.50 and has since executed a strong reversal, establishing a rounded bottom breakout pattern with consistent higher lows. The critical psychological barrier of $1.00 has been successfully cleared and has now flipped into reliable support, reinforcing the positive price structure. Chart patterns indicate that consolidation near current levels suggests potential for further continuation of the upward movement.

Analysts are closely monitoring the $1.10–$1.00 range as a critical neckline for the token’s short-term trajectory. While a break below this zone could trigger a bearish reversal, maintaining position above it keeps the overall outlook constructive. The $1.50–$1.60 resistance zone represents the next significant challenge, with a successful push through this level potentially unlocking the path toward $1.80, which served as major resistance in previous trading action.

Market data for AERO reveals increasing participation and growing trader conviction despite some mixed signals in trading volume. While daily trading volume has declined by 44.84% to $136.53 million, other metrics paint a more optimistic picture. Open interest has risen to $111.75 million with a 0.71% gain, indicating rising deployment of capital into the token.

The increase in open interest is particularly significant as it suggests new long positions are being established rather than speculative short-term positions. This pattern typically indicates stronger conviction among traders who are positioning for sustained upward movement rather than quick profits. The funding rate adds further weight to this positive assessment, with the OI-weighted rate standing at 0.0072%.

Notably, the funding rate structure shows long positions are paying shorts, signifying that most traders anticipate further price increases. The rate remains at a healthy level that isn’t excessively high, which limits the risks of forced liquidations and suggests a more sustainable market environment. This combination of metrics points toward a market that is optimistic but not over-leveraged, creating conditions conducive to continued growth.

The overall outlook for Aerodrome Finance remains positive as the token maintains its bullish path above critical support levels. The technical setup suggests that as long as the price maintains structure at or above $1.00 and builds momentum near the $1.50 resistance zone, conditions are favorable for another potential surge. A decisive breakout above $1.80 with rising volume would generate price discovery with new highs, representing the most bullish scenario for AERO holders.

However, traders should remain aware of potential downside risks. A fall to $1.00 or lower would shift momentum to bearish, with $0.75 and $0.50 serving as potential downside targets. The current market sentiment remains positive, supported by the token’s ability to hold above key support zones and the growing participation indicated by open interest data. The combination of strong technical structure and supportive market metrics positions AERO for potential continued growth, provided it can overcome the immediate resistance levels ahead.