Aerodrome Finance AFRO Surges 3.17% as Bulls Target $1.15 Resistance

Aerodrome Finance (AFRO), a key player in the decentralized finance (DeFi) liquidity space, has recently experienced a notable price surge, breaking above critical resistance levels and signaling potential bullish momentum. The token, currently trading at $1.12195, has risen 3.17% in a single day, continuing a bullish trend that began with a powerful candlestick formation on the previous trading session. This upward movement was triggered after AFRO rebounded from the lower Bollinger Band, a critical support zone, and pushed above the 20-day moving average [1].

Technical indicators suggest that the market is entering a high-volatility phase. The Bollinger Bands, which had been in a mild squeeze, have now expanded sharply, a pattern historically associated with the start of sustained price trends. With the price riding along the upper band at $1.07911 and moving toward the upper resistance of $1.12–$1.15, AFRO’s trajectory appears to be in favor of the bulls [1].

The Relative Strength Index (RSI) has climbed to 71.86, entering overbought territory, which typically signals short-term market fatigue. However, the rapid rise of the RSI suggests a strong shift in market sentiment, particularly after weeks of consolidation and a downtrend in late July and early August [1].

Key support levels are currently at the middle Bollinger Band of $0.86869 and the lower band at $0.65826. A pullback to either of these levels could offer buying opportunities for long-term investors. On the upside, AFRO faces immediate resistance around $1.15, and if it can close above this zone on strong volume, the next price target could be $1.20 in the short term [1].

Long-term price forecasts for AFRO show a gradual increase in valuation through 2025–2029. By 2025, the token is expected to trade between $0.85 and $1.25, with a potential breakout toward $1.25 if a new fundamental catalyst emerges. In 2026, the price could average around $1.20, with peaks possibly reaching $1.45 if market sentiment continues to favor the bulls. For 2027, the forecast suggests a sustained demand-driven rally to $1.65, supported by expanded liquidity incentives. In 2028, network upgrades and new protocol partnerships could drive prices to $1.85, and by 2029, mainstream recognition and cross-chain integrations may see AFRO reach as high as $2.05 [1].

According to the analyst forecasts embedded in the data, AFRO’s long-term outlook is shaped by its growing DeFi adoption, strategic exchange listings, and protocol enhancements. If key support levels hold, the recent rally could serve as a foundation for further appreciation into 2026 and beyond.

Despite the bullish signs, investors are cautioned to remain mindful of the current overbought condition and potential short-term corrections. The key to AFRO’s long-term success will depend on its ability to sustain momentum, secure broader ecosystem integration, and deliver on fundamental upgrades [1].

Source:

[1] Aerodrome Finance (AFRO) Price Prediction 2025–2029: Can AFRO Hit $1.45 Soon? (https://coinmarketcap.com/community/articles/6897cd080ddac76721c6f599/)