According to crypto analyst Rekt Capital, AERO is following a bullish trajectory after reclaiming a critical support zone. The asset recently retested the green demand area in volatile fashion, briefly closing below it on the weekly chart before reclaiming the level and launching into a rally.
The rebound has been strong: AERO has surged 63% from the green zone and 22% since initiating its latest move along the green path outlined in prior analysis.
This upside followed a successful weekly close above the crucial $0.71 level, which triggered the current advance toward higher levels.
Rekt Capital notes that AERO is now operating within a defined range between $0.71 and $0.96. Holding above $0.71 is essential to preserving this blue-blue range and maintaining momentum. If the current retest of $0.71 proves successful, the technical setup suggests that AERO could continue toward the upper boundary at $0.96.
So far, the bounce appears to be holding. The +22% move since reclaiming $0.71 indicates strong support, reinforcing the probability of completing the full green path range. Traders will be watching closely to confirm continuation through the $0.96 resistance level.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/aero-holds-key-level-as-bullish-path-gains-momentum/