Analyst CryptoWinkle noted that AERO cleared a crucial resistance at $0.94, accompanied by a bullish MACD crossover on the daily chart.
This breakout has strengthened short-term momentum, with the next key target set around $1.20. Sustaining support above $0.94 could push prices higher, making AERO the next crypto to explode in 2025.
Animoca Brands Joins the Party
Animoca Brands, a major player in Web3 gaming and digital assets, announced its acquisition of an undisclosed amount of AERO tokens, which it max-locked as veAERO.
The move effectively removes tokens from circulation while granting Animoca long-term governance power within Aerodrome’s ecosystem.
We've market acquired a position in $AERO and max-locked as $veAERO.@AerodromeFi is an innovative, next-generation AMM that has consistently captured over 50% of @base's DEX TVL, establishing itself as the central liquidity hub for the ecosystem.
Animoca said the decision follows Aerodrome’s growing influence as a core infrastructure layer for DeFi activity on Base and expanding user base.
Aerodrome is a key component in the engine behind @base's DeFi growth and @coinbase is making it seamless for its CEX users to trade tokens which have liquidity on DEXs such as Aerodrome thus driving more value to Aerodrome voters.
Meanwhile, ecosystem growth continues with MWX, a decentralized AI marketplace for small and medium enterprises, launching its token MWXT on Aerodrome.
AERO Price Analysis: Symmetrical Triangle Breakout in Play
AERO’s daily chart reveals a breakout from a symmetrical triangle pattern. The token is now holding above both the 20-day Bollinger Band midpoint ($1.01) and the upper triangle boundary.
The price has pushed above the midline, with the upper band near $1.42 acting as the next resistance zone.
Meanwhile, the MACD confirms that a bullish crossover is in progress, with histogram momentum shifting positive.
With the RSI at 52.6 and BoP reading 0.51, buyers are gradually developing strength to fight the bears.
If bullish momentum holds, AERO could target $1.20, followed by $1.42, the upper Bollinger boundary. However, failure to sustain above $1.00 may trigger a pullback toward $0.80-$0.85, where buyers have previously stepped in.
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A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.