Markets· ★★· bearish·

Aerodrome Finance (AERO) falls 5.23% to $0.83, tests short-term averages

  • —AERO at $0.8304: below SMA-5 to SMA-20, above SMA-30 at $0.8097
  • —Daily volume of $42.85M is 43.63% below the 30-day average
  • —RSI at 51.9 and a negative MACD histogram point to mixed signals
  • —Up 25.5% in 30 days and 91% in 90 days, but 64.37% below its all-time high
Why it matters: Weakness on thin volume without a catalyst could reverse around the planned Aerodrome-Velodrome merger on October 21.
Source: DiarioBitcoin