Aerodrome Finance (AERO) Forms Rounding Bottom, Eyes $1.80-$2.20 Range as Bullish Momentum Strengthens

Aerodrome Finance (AERO) has formed a rounding bottom pattern on the daily chart, trading at $1.45. The price holds above $1.30 with EMA-9 support, signaling strong accumulation and bullish momentum. Volume expansion confirms buyers' control, with technical projections targeting the $1.80 to $2.20 range. A retest of the breakout zone near $1.30 to $1.35 could validate strength before continuation toward higher resistance levels.

Hedera Hashgraph token (HBAR) has shown signs of a potential rebound despite the recent crypto market crash. The token has formed a bullish flag chart pattern on the daily chart, which indicates a possible price surge. This bullish pattern comprises a vertical line and a flag-like pattern, suggesting a potential price increase.

The network is betting on the real-world asset (RWA) industry to boost its token price. A recent partnership with Swarm, a platform offering tokenized assets like bonds and stocks in a regulated manner, exemplifies this. The collaboration allows Swarm to leverage Hedera’s technology to offer stocks that are backed 1:1, insolvency-protected, and compatible with decentralized finance (DeFi). This partnership could unlock more sophisticated financial applications across the Hedera ecosystem, including DAO (Decentralized Autonomous Organization) Treasury management, on-chain lending strategies, and collateralization structures.

Hedera has also ventured into tokenization in other ways. For example, it launched a stablecoin studio that provides users with tools to launch and operate their stablecoins. Additionally, Hedera has announced partnerships with top global companies that could leverage tokenization in the financial market. One notable partnership is with Aberdeen Group, a British company with over £518 billion in assets under management, which could bring some of its assets on-chain as Franklin Templeton and BlackRock have done.

Technically, the HBAR price has pulled back and moved into a bear market, trading at $0.2300, which aligns with the 50-day moving average. However, it has formed a break-and-retest pattern, retesting the important support level at $0.2300. The most likely scenario is that the HBAR price will rebound and retest the upper side of the flag at $0.3040. A move above that level will point to more gains to $0.4000, the highest level in January.

In conclusion, the bullish flag pattern and the potential role of HBAR in the RWA industry suggest a positive outlook for the token. Investors should monitor the technical projections and the developments in the RWA industry to make informed decisions.

[1] https://crypto.news/hbar-price-pattern-points-to-a-surge-amid-hedera-rwa-boom-hopes/