Aerodrome's DEXs Integration Boosts AERO Token
The Aerodrome platform's native token AERO has shown significant growth potential, with a possible target of $0.73 and potentially $1, driven by the increased adoption and trading volume resulting from the Coinbase integration, which could lead to further growth and development of the platform.
Coinbase's announcement to integrate Aerodrome's decentralized exchange (DEX) access directly into its app has led to a significant surge in the native token AERO, with a 15% increase in price, reaching $0.68 before settling at $0.62.
The integration is expected to increase adoption and trading volume, potentially driving the price higher. AERO has broken out of a falling wedge and is showing bullish momentum, with the Relative Strength Index (RSI) above the neutral line. However, a thick supply wall between $0.66 and $0.69 could act as resistance, and a drop below the 20 EMA could invalidate the bullish setup.
The price could retest the $0.67 level and potentially break higher, with a target of $0.73 and potentially $1 if the trend continues. This development is a significant boost to the Aerodrome platform, which aims to provide on-chain trading access to its users. The increased adoption and trading volume could lead to further growth and development of the platform.
As the cryptocurrency market continues to evolve, the integration of DEXs like Aerodrome into major platforms like Coinbase is expected to play a significant role in shaping the future of the industry. With the potential for increased adoption and trading volume, AERO token holders are eagerly awaiting the next developments in the market.