Aerodrome takes flight: AERO lifts 14% and small whales quietly pile into the cabin 🛫

Aerodrome Finance's AERO token gained roughly 14% over 24 hours, trading near $0.493 after rebounding from a low of $0.42 to a local high of $0.499. The move pushed the token above its 200-day exponential moving average, a level traders track as a gauge of longer-term trend strength.

Demand on spot venues skewed heavily toward buyers, according to Coinalyze data. Over the past three days, AERO recorded about 23.3 million in spot buy volume versus 20 million in spot sell volume, producing a positive buy-sell delta of roughly 3 million. CryptoQuant's spot average order size data showed a rise in orders from smaller whales, a cohort that, paired with elevated buy volume, has been accumulating the token.

Futures activity also climbed. CoinGlass figures show Aerodrome Finance's open interest increased 24% to $50 million while derivatives volume jumped 29% to $74 million. The token's long/short ratio stood at 1.03, with the OKX-specific ratio reaching 5, indicating that long positions dominated the speculative side of the market.

On the technical side, AERO's Relative Strength Index climbed to 67, with the price holding above both short- and long-term moving averages. Should buying persist, traders are watching the $0.50 level as immediate resistance and $0.55, where the token previously faced rejection, as the next upside target. Conversely, profit-taking from current levels could see AERO retest support near $0.40.