Aerodrome reaches a turning point after a 44% surge…whether 1.2 dollars support holds is the key variable

The virtual asset (cryptocurrency) Aerodrome (Aerodrome·AERO) surged more than 10% in the past 24 hours, reclaiming the $1 level. The weekly gain reached 44%, and the market expects that if the $1.20 support holds, it could rise again to $1.58.

According to AMB Crypto on the 12th (local time), this rally coincided with strength across Coinbase's Base ecosystem tokens. Related tokens such as Uniswap (UNI), Virtual Protocol (VIRTUAL), and Kita (KTA) rose in unison, expanding demand for AERO. In particular, expectations grew as there were talks that Coinbase might assign it a liquidity hub role within its own platform.

On the charts, AERO is drawing an uptrend pattern with progressively higher highs and lows. It broke the $1.20 resistance yesterday but re-entered a short-term correction zone. Technically, the MACD still remains in the green area, and open interest (Open Interest·OI) expanded from 6,960,000 dollars to 10,000,000 dollars, indicating a recovery in investor sentiment.

On-chain indicators are also positive. The number of holders, which was 675,600 on October 12, rose to 682,260 as of November 11, marking a monthly high. In the ownership structure, the top 10 addresses account for 60% of the total, and the largest individual holder was found to hold about 31,740,000 AERO (about 37,000,000 dollars).

According to Token Terminal data, daily active users (DAU) increased to 51,600, and the number of active addresses is around 7,700. The number of transactions reached 166,700,000, the highest since 2023, and daily transaction volume reached 5,200,000.

Aerostrategy, the core product within the AERO network, has total value locked (TVL) of 697,585 dollars, and the total TVL is around 472,000,000 dollars. Cumulative trading volume has exceeded 317,000,000,000 dollars.

Aerostrategy is designed to route trading volume into veAERO to increase the token burn rate and reduce circulating supply. If market demand continues to rise, this deflationary mechanism could further drive price increases.

However, in the short term, whether the $1.20 support holds is crucial. If this level does not hold, there is a risk of falling back to the $1 level; conversely, if support is secured, attempts to break the season high of $1.58 are expected to continue.