Aerodrome Finance's AERO token has seen a price rebound driven by significant accumulation and short liquidations. Hypersphere Ventures invested nearly $680,000 into AERO, while Smart Money balances increased by 50.77%, and exchange supply declined, tightening liquidity. Over the past week, 1.76 million AERO were accumulated, reducing circulating supply on exchanges and lowering sell pressure.
AERO's price action formed a double bottom near the $0.37 demand zone, rebounding to reclaim the $0.3982 support level. The price pushed towards the $0.4406 resistance, indicating a shift from bearish to recovery structure. Open Interest rose by 8.54% to $27.08 million, confirming leveraged participation in the market. Short liquidations reached $5.85K, further fueling the upward movement.
Despite the positive momentum, resistance near $0.4406 and $0.4702 remains significant. The DMI readings show buyers have taken control, but the ADX indicates weak trend strength. The sustainability of AERO's breakout depends on maintaining demand above $0.3982 and managing volatility from increased leverage.
AERO Price Rebounds Amid Strong Accumulation and Short Liquidations
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