Traders Bet on AERO’s Upswing as Open Interest Surges and Bullish Signs Emerge

Aerodrome Finance's native token, AERO, has shown signs of renewed strength following a retest of the 50-day Exponential Moving Average (EMA). As of Friday, the asset appreciated over 4%, trading above key Fibonacci retracement levels. Technical indicators and derivatives data suggest a potential continuation of the upward trend, with a target of $1.48.

Derivative market activity has surged, with the AERO Open Interest (OI) rising over 10% in the last 24 hours to reach $85.92 million, according to CoinGlass data. This increase reflects a heightened level of capital inflow into AERO futures and active options contracts, signaling a risk-on sentiment among derivatives traders. A shift in the OI-weighted funding rate to positive territory—0.0116% from earlier -0.0026%—further reinforces bullish positioning, as long-side traders pay premiums to align swap and spot prices [1].

Price action on the AERO/USDT daily chart shows the asset holding above the 61.8% Fibonacci retracement level at $1.04. This level is derived from the price range between a $2.33 high on December 12 and a $0.28 low on April 7. Analysts highlight that the 50-day EMA has provided dynamic support, increasing the likelihood of a move toward the 78.6% Fibonacci retracement at $1.48 [1].

Technical indicators on the daily chart, including the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), point to a potential momentum shift. The MACD histogram has shown a decline in bearish intensity, and a crossover of the MACD above its signal line is viewed as a potential buy signal. The RSI, currently at 50, remains neutral but could signal a bullish bias if it crosses the midpoint.

A breakdown below the 50-day EMA at $1.10 could trigger a pullback to the 100-day EMA at $0.97, according to analysis of current market conditions. Investors are advised to monitor price action near this level to assess the strength of the uptrend.

The broader market environment appears to be supporting AERO's ascent, with increased activity in open interest and positive shifts in funding rates. However, as with all market instruments, investors should remain cautious and consider both technical and fundamental factors before making investment decisions.

Source: [1] Aerodrome Finance Price Forecast: AERO rebounds as open interest jumps (https://www.fxstreet.com/cryptocurrencies/news/aerodrome-finance-price-forecast-aero-rebounds-as-open-interest-jumps-202509051136)