Aerodrome Finance (AERO) token price made a bullish breakout above a crucial resistance level as its market share in decentralized finance (DeFi) accelerated. AERO crypto jumped to a high of $0.8768 on Monday, June 16, its highest point since February 7. It has jumped by over 213% from its lowest point this year.
Why AERO Crypto Price is Surging
Aerodrome Finance token price jumped to its highest point in months as the crypto market bounced back. Bitcoin price soared above $108,000, while most altcoins were in the green.
Most importantly, the AERO token price soared as Aerodrome Finance’s market share in the Base ecosystem grew. Data shows that the network’s DEX volume jumped to $15 billion in the last 30 days, higher than Uniswap’s $10 billion. Its 24-hour volume stood at $302 million, also higher than the combined volumes of Uniswap and PancakeSwap.
Aerodrome Finance has now become the 7th largest DEX in the crypto industry, following PancakeSwap, Uniswap, Raydium, Orca, Pump, and Meteora.
This growth could accelerate after Coinbase announced more integration. The biggest crypto exchange in the US will add Aerodrome to its platform, making DEX trading easier.
AERO Price Technical Analysis
The daily chart shows that the AERO price bottomed at $0.2963 in April as most crypto prices crashed. It then started a slow rebound, forming an ascending triangle pattern, a popular bullish continuation sign.
AERO token has now moved above the upper side of the ascending triangle pattern at $0.8010. It also jumped above the 23.6% Fibonacci Retracement level, while the MACD and the Relative Strength Index (RSI) have continued rising.
Therefore, the token will likely continue rising as bulls target the 50% Fibonacci Retracement level at $1.3170, up by 54% from the current level. A drop below the support at $0.700 will invalidate the bullish outlook.
READ MORE: Cardano Price Prediction: Will ADA Jump 110% and Retest YTD High?
Bitcoin Pepe Prepares for Big News
Meanwhile, Bitcoin Pepe, the fastest-growing crypto presale, is preparing for major news on Tuesday, June 17.
The developers will announce the listing date of their token, which will enable investors to exit or move their tokens to self-custody.
Bitcoin Pepe has become one of the top presale tokens this year, having raised over $14 million in the past few months.
Its appeal is mainly due to its promise to disrupt the meme coin industry by creating the largest Bitcoin layer-2 platform. Unlike other layer-2 networks, this one will focus solely on meme coins.
Meme coins are some of the biggest and most active cryptocurrencies, with a market capitalization of over $65 billion. Its valuation is approximately 26% of stablecoins, a figure that is expected to continue growing.
Most meme coins today are on the Solana blockchain. This growth has helped to transition it into one of the most profitable players in the crypto industry. Bitcoin Pepe aims to achieve that using Bitcoin’s technology. You can buy the BPEP token here.
