Aerodrome Finance (AERO) Price Dips Into Buy Zone – Expert Eyes This Key Level

Aerodrome Finance price is catching trader interest again as it dips back into the $0.065 to $0.072 range, an area some analysts have been watching as a possible buy-the-dip zone.

With altcoins pulling back across the board, AERO seems to be going through a healthy cooldown. But one well-known analyst sees it as more than just a routine correction.

Crypto expert Sjuul posted on X that AERO price is still in a correction phase but could be nearing a key support level. He highlighted a green zone on the chart where buyers might step in if the structure stays intact. The chart he shared also pointed to a broader rounded bottom pattern, hinting at a potential bounce if momentum shifts.

Rounded Bottom Formation Signals Trend Shift For AERO Price

The Aerodome Finance chart shared by the analyst shows a larger bullish structure developing. A rounded bottom has taken shape, often interpreted as a sign of an emerging uptrend over the longer term. After breaking out from this formation, Aerodrome Finance price has pulled back and is now revisiting levels near the base of the prior breakout.

This correction appears orderly so far, with the green zone representing the base of the last rally. The chart also includes directional arrows, suggesting a possible move lower into this box, followed by a potential bounce targeting the previous high. This setup suggests continuation may follow if key support remains intact.

Image source:X/Sjuul AERO Price Support and Resistance Levels in Focus

The current support sits near a previously tested resistance area. This zone is where price consolidated before its last breakout and now may act as a foundation for buyers to re-enter. On the upside, the major resistance level is marked by the prior high and serves as the next major objective if price rebounds.

Price action between these levels will help confirm whether the bullish structure holds. Any breakdown below the green support could invalidate the pattern and lead to lower lows. Until then, buyers appear to be watching for confirmation.

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Aerodome Finance Short-Term Correction, Long-Term Trend Unchanged

While the short-term structure leans bearish, the macro trend on the higher timeframes remains potentially bullish. The analyst’s tweet points to a patient approach, waiting for the right entry near the green box rather than entering early.

Market participants now await further movement to see if AERO price can stabilize and set up another leg higher. As price approaches this critical level, volume and reaction will likely determine the next trend direction.

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