AERODROME FINANCE PRICE ANALYSIS & PREDICTION (June 14) – Aero Sustains Recovery, Will it Last Amid Latest Drops?

Posting over 30% gains in the last 24 hours despite the ongoing crypto meltdown, Aero remains strong on the intraday trading and looks ready for a massive rally following a new bullish formation. Following last week’s market recovery from a correctional phase, which was majorly triggered by Bitcoin’s bounce, several altcoins with Aero regained strength and posted notable gains after 7 days of buying. Unfortunately, the buying cooled off due to a new sell order days back. That caused a serious reduction in the past days, and the market is now bleeding out again, following a negative sentiment. The bleeding came as a result of Bitcoin’s drops, and as we can see, it has shown no signs of stopping yet. However, altcoin like Aero defies the odds and is now posting gains on the day. It currently appears strong and shows signs of bullishness on the daily chart with a higher high and higher low pattern in the past months. The latest bullish signal is supported by the $0.47 level. If it continues to play out, we can expect a major increase in the coming days. Surpassing the previous high should validate a big price movement in the future. Inversely, if Aero fails to advance higher, a dip below last week’s low could trigger a fresh breakdown to the yearly low before deciding where to head next. For now, the market is still in favour of the bulls. AERO’s Key Levels To Watch Source: Tradingview The immediate resistance level for buying right now is $0.8. If Aero breaks above it, the next line of resistance would be $1, along with the $1.5 resistance level. There’s room for a pullback at $0.56. If the price drops below the $0.47 support level, the next support to keep in mind would be $0.375. Key Resistance Levels: $0.8, $1, $1.5 Key Support Levels: $0.56, $0.47, $0.375 Spot Price: $0.68 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

Source: NullTx