US crypto exchange Coinbase announced on Friday that it has launched a decentralized exchange (DEX) integration, allowing its users to buy and sell digital assets that were previously inaccessible on the platform.
Amid this positive development and the broader market improvement seen this week, here are some Base ecosystem tokens to watch.
Aerodrome Finance (AERO)
AERO, the native token of automated market maker Aerodrome Finance, is one Base token to watch over the next few trading sessions.
Trading at $1.06, AERO has climbed nearly 20% over the past day. This extends its weekly gain another day, pushing its value by 36% over the past seven days.
Readings from the AERO/USD daily chart show its Chaikin Money Flow (CMF) trending upward at press time, indicating that the price rally is backed by buy-side pressure. This momentum indicator currently stands at 0.13.
The CMF indicator measures how money flows into and out of an asset. When its value is positive, it indicates buying pressure, meaning traders are accumulating the asset. This suggests that AERO closes more often in the upper range of its trading periods, signaling bullish sentiment among traders.
If this trend continues, AERO eyes an extended rally above $1.0852 and toward $1.3246.
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On the other hand, if demand plunges, the token’s price could dip to $0.7443.
ZORA
ZORA has been up 51% in the past seven days, making it another Base token to watch. As of this writing, the altcoin trades at $0.0904, and technical readings hint at a further upward move in the near term.
On the daily chart, ZORA’s price sits significantly above its 20-day exponential moving average (EMA), which forms dynamic support below its price at $0.0630. This indicator measures an asset’s average price over the past 20 trading days, giving more weight to recent prices.
When it forms dynamic support under an asset’s price like this, short-term momentum is tilted toward the upside. This suggests buyers have control over the market trend and are pushing ZORA’s price higher.
If this continues, the altcoin could climb to $0.1050.
However, if demand weakens, ZORA’s price could fall to $0.0843.
Ski Mask Dog (SKI)
Meme coin SKI is another Base altcoin to watch amid recent developments on Coinbase. Trading at $0.0799 at press time, it has gained over 52% in the past seven days.
Over the past 24 hours alone, it has climbed 36% to rank as one of the best-performing assets on the Base network. During that period, its trading volume has soared by 119%, indicating that its double-digit price hike is backed by demand from market participants.
When an asset’s price and trading volume rise together, it indicates strong market conviction behind the move. This combination signals a healthy trend driven by genuine buying interest for the asset in question.
If buying momentum is maintained, SKI could extend its gains to $0.0855.
Conversely, if profit-taking resumes, the token could shed some of its value and fall to $0.0750.
Disclaimer
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