Aerodrome (AERO) is showing strong signs of accumulation.
We've been trading within this parallel channel for nearly three months, and it's repeatedly respected both the upper and lower bounds. As we approach the bottom of this range again, it looks like an ideal accumulation zone for long-term holders.
I'm very bullish on this project. Aerodrome is the leading DEX on Base — Coinbase’s Layer 2 network — and with no native Base token currently, AERO is in a prime position to claim that top spot. There's a vacant throne on Base, and AERO is well-positioned to sit on it.
We've been trading within this parallel channel for nearly three months, and it's repeatedly respected both the upper and lower bounds. As we approach the bottom of this range again, it looks like an ideal accumulation zone for long-term holders.
I'm very bullish on this project. Aerodrome is the leading DEX on Base — Coinbase’s Layer 2 network — and with no native Base token currently, AERO is in a prime position to claim that top spot. There's a vacant throne on Base, and AERO is well-positioned to sit on it.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.