The Aerodrome Finance token or Aero remains under pressure. It fell for the third consecutive day, and yet the constant buyers of smart money do not give up.
Aerodrome (Aero) price fell to $ 0.8920, under the high this week of $ 0.98. It remains around 205% above the lowest point in April of this year.
Positive is that Data from third parties prove that Smart Money investors continue to collect Aero. They bought $ 1.3 million worth $ 1.3 million for the past seven days and brought their participations to more than $ 16 million.
The same happens with whales, which have increased their participations by 18% over the past 30 days to 9.55 million. Whales are investors with enormous interests of a token, while smart money investors are people with a successful track record of success.
Aero even hesitated while the weekly network volume jumped. Defi Lama data shows that Aerodrome, the largest decentralized exchange on the base, has treated more than $ 4 billion this week, an increase of $ 2.6 billion in the last week.
The volume could continue to rise after Coinbase announced major changes to its ecosystem. It launched TBA or the Basic app as a replacement for the Coinbase wallet. TBA combines wallet, trade, payments, social media, messages and mini applications. Aerodrome will be one of the best trading platforms on the applications.
Aero Price Technical Analysis
The daily graph shows that the Aero price has been in a bull run in the past three months. This rally started when token in April $ 0.2850 in the soil.
It has risen above the exponential advancing averages of 50 days and 100 days, a sign that bulls are in control. The token has also formed an increasing channel and moved above the 23.6% retracement level.
That is why the Aerodrome price will probably continue to rise, because Bulls focuses on the 50% retro level at $ 1,3085, which is 45% higher than the current level.
The potential risk for the dissertation is that it has formed an increasing wedge pattern, which can lead to more disadvantage in the short term.
