AERO, the native token of Aerodrome, a decentralized exchange platform built on Base, is today’s top gainer. It has defied the broader crypto market downturn with a 3% daily increase.
This uptick extends its weekly rally that began when Coinbase integrated Base chain DEX services into its main app, significantly expanding Aerodrome’s reach.
Spot Inflows Hit $2 Million as AERO Rallies
On June 13, leading cryptocurrency exchange Coinbase announced the integration of Base chain DEX services into its main app. This move provides a major visibility boost for Aerodrome, helping to attract new users and deepen liquidity.
As a result, AERO has climbed nearly 40% over the past week, making it one of the best-performing and most resilient altcoins during this period.
Today, the token records its highest spot inflow in five days, indicating sustained investor interest and buying pressure. According to Coinglass, this currently stands at around $2 million.
When an asset sees an uptick in its spot inflow, more investors are buying it directly on exchanges, signaling strong demand. This reflects growing confidence in AERO’s price rally and could help drive further upward momentum. Unlike derivatives, spot inflows show real capital entering the market, adding weight to the bullish sentiment in the AERO market.
Moreover, readings from the AERO/USD one-day chart show that the token trades above its 20-day exponential moving average (EMA), highlighting the surge in demand.
The 20-day EMA measures an asset’s average price over the past 20 trading days, giving weight to recent prices. When price trades above the 20-day EMA, it signals short-term bullish momentum and suggests buyers are in control.
AERO Breakout or Breakdown? Key Levels to Watch
AERO’s rally over the past week has pushed its price past a key resistance level at $0.76. With buying pressure continuing to strengthen, the altcoin could soon test the next resistance at $0.86, aiming to flip it into a new support floor.
If successful, this momentum could propel AERO toward $1.06, a price high last seen in February.
However, if selloffs begin, the token risks breaking below the newly established support at $0.76, potentially plunging to $0.69 in the near term.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
