- Aerodrome (AERO) surged over 30% after Coinbase integrated in-app DEX trading for Base-native assets.
- The token’s market capitalization rose to approximately $965 million.
- Analysts predict AERO could target a new all-time high of $2.30 in the short term, with a long-term target of $3.30 by early 2026.
Aerodrome Finance (AERO) soared over 30% in the past 24 hours, hitting $1.12 before settling near $1.09 at press time. This comes after leading U.S. exchange Coinbase announced in-app decentralized exchange (DEX) trading for Base-native assets.
This is a huge deal for the Base ecosystem, as it allows Coinbase users to trade a vast array of tokens without needing a formal, centralized listing. This expands the reach of projects like Aerodrome Finance, which is the largest decentralized exchange (DEX) on the Base network with $556 million in total value locked (TVL).
The news triggered a wave of buying activity, sending AERO’s daily trading volume up more than 400% to over $157 million and swelling its market cap to approximately $965 million.
Technical Setup Points to Higher Targets
From a chart perspective, AERO’s rally has been building momentum within an ascending channel after months of selling pressure. Last week’s breakout above the key $0.81 resistance, the 50% Fibonacci retracement, cleared a major hurdle for bulls. The immediate upside target now lies at the 61.8% retracement near $1.1.
According to analyst Solberg Invest, AERO could be targeting a new all-time high of $2 to $2.3 soon with the ongoing momentum. Meanwhile, his long-term target is at $3.3 by early 2026.
Momentum indicators support the bullish bias. The Relative Strength Index (RSI) has risen to 56, signaling healthy demand. The MACD is on the verge of a bullish crossover, a move that could confirm further upside acceleration.
Base Ecosystem Shines as Market Tailwinds Build
The Coinbase Base integration has fueled a 4.5% average gain across Base-native tokens, compared to just 1.7% for the broader market. AERO has been the standout performer, followed by projects like Brett (BRETT) and Virtuals Protocol (VIRTUAL).
The broader crypto market backdrop has also turned favorable following President Trump’s recent executive order allowing Bitcoin and crypto in 401(k) retirement accounts. This move has reignited speculative interest in altcoins.
Related: Trump Crypto Executive Orders: Kiyosaki Praises New 401(k) and Debanking Rules
With altseason chatter growing, AERO’s positioning as a leading liquidity hub on Base gives it a unique advantage in attracting fresh capital. At press time, CoinMarketCap’s altcoin season index reads 40%, suggesting altcoins are gradually gaining momentum against Bitcoin.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
