**Key Takeaways: Can AERO Continue This Week’s Gains?**
Likely yes, although the recent decline in spot CVD was a short-term concern.
**What Are the Bulls’ Next Price Targets?**
Beyond $1.60, the $2 and $2.33 all-time high (ATH) levels would be the next targets to watch.
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DeFi protocol Aerodrome Finance (AERO) has witnessed a notable 16% surge in daily trading volume. Since September 15th, AERO has rallied 12% and maintained a bullish market structure.
Since May, the altcoin has been setting a series of higher lows and higher highs, which is characteristic of an uptrend. However, unlike many other altcoins, AERO has not experienced a range-bound consolidation phase during this period.
Data from Coinalyze indicated a slight uptick in Open Interest. Combined with a positive Funding Rate, this reflected short-term bullish sentiment in the market. However, in the past 24 hours, the spot Cumulative Volume Delta (CVD) began to slide lower. This raises the question: is this a warning sign, or will the higher timeframe AERO price trend prevail?
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### AERO Did Not Fill Fair Value Gap (FVG)
The 1-day timeframe continues to demonstrate the ongoing uptrend in recent months. Key swing points are marked at $0.717 and $1.60, representing important support and resistance levels on this timeframe.
A move above $1.60 would signal a bullish continuation. On the downside, between $0.88 and $1.00, there exists a fair value gap or imbalance, often seen as a demand zone. Such gaps are typically tested before an uptrend continues, although AERO has yet to fill this gap.
The local low at $1.10, together with the 50-day moving average (green line), has provided crucial support, preventing a dip below the psychological $1.00 level.
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### Technical Indicators Support Bullish Outlook
The Money Flow Index (MFI) is currently at 67, indicating bullish momentum. Additionally, the Accumulation/Distribution (A/D) indicator has started to climb higher in recent days, reflecting increased demand for AERO tokens.
Above the $1.60 resistance, the next major resistance levels to watch are $2.00 and $2.33, the latter being the all-time high. It’s important to note that the $2.00 level has historically seen volatility and may influence price action moving forward.
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Overall, AERO’s technical outlook remains bullish, with continued gains likely if key resistance levels are surpassed. Traders should keep an eye on the spot CVD and other volume-related metrics as indicators of short-term momentum shifts.
https://ambcrypto.com/aero-price-prediction-why-the-defi-token-is-poised-for-a-2-ath/