Can AERO’s Meteoric Rise Be Trusted? One Dollar May Just Be a Mirage!

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  • The bulls, poor souls, endured a wretched fate through the abysmal downtrend that began in December and persisted till April’s late days.
  • The DEX token, having seemingly woken from a coma, soared with a 45% gain over the past four days—following the ever-charming Coinbase announcement.

Aerodrome Finance, this peculiar beast of an automated market maker (AMM) and decentralized exchange (DEX) on the Base network, has lately stirred up quite the frenzy. In fact, according to the gods of DeFiLlama, its 24-hour and 30-day trading volumes have outpaced even Uniswap’s [UNI]. What a spectacle, I must say!

And then, as if the heavens themselves were cheering, news dropped last Friday: Shopify, that giant of commerce, is teaming up with Coinbase, the ever-ambitious U.S. centralized exchange, to bring us all closer to stablecoin payments via Circle’s USDC. This was, of course, announced just a day after Coinbase, with that inevitable bravado, declared their intention to integrate Base DEXs into their main app. An announcement that would shake the very foundations of the crypto world! Or would it?

This cascade of news sparked a frenzy among AERO users, and the token, like a maniac on a caffeine overdose, surged by 45%. By the time the dust settled, a lone resistance stood before the bulls: the formidable $0.8. Only then could they, if they dared, take aim at the next coveted prize—$1. Ah, the sweet taste of ambition.

AERO Stirs from Its Slumber, Pushing Past $0.8

Ah, how the mighty have fallen. Since December, Aerodrome Finance token seemed to be in a slow, painful descent—more akin to a tragic hero than a promising crypto asset. It fell so low that even the November lows seemed like a distant memory, a cruel reminder that the selling pressure, like a relentless tide, had far outweighed the buying frenzy of late 2024.

At the moment, AERO lingers 25% below its early November 2024 low, which stood at $1.06. Yet, amid all this doom and gloom, a spark of hope—yes, hope!—appeared. It managed to climb above the $0.8 threshold, a small victory in the grand scheme of things. The market structure, at least for now, looked faintly bullish. Even the once-dreaded $0.52-level had morphed into a new ‘demand zone.’ Such is the ever-turning wheel of fortune.

The next obstacle—nay, the next summit—is the fabled $1 mark. A psychological hurdle, a round number, a symbol of all that is elusive. But fear not, for Fibonacci’s mystical numbers beckon from the distance. If we dare to dream, we may even glimpse the levels at $1.55 and $1.89 on the horizon.

But ah, dear reader, do not be fooled by the illusion of progress. Despite the apparent break in the bullish structure, the CMF stubbornly lies below the +0.05-mark—one might say it is a testament to the lack of any serious capital influx. The Awesome Oscillator, that fickle creature, barely sits above zero, an ominous reminder that momentum is but a whisper of what could be. Perhaps, in time, it will grow louder. But for now, we wait… and wonder. 🙄

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2025-06-17 04:10