- More than $ 4.37 million Aero was unloaded during the rally to exchange, which indicates the reclining in the short term.
- Persistent upward hinges of the financing percentages turn positive and continuous accumulation pressure from large buyers.
Aerodome Finance [AERO] Registered one of the most important peaks in the market in the last 24 hours and jumped 20% to become the best performing token.
Although the Golf caught attention, the sustainability of this movement in question remains. Some underlying signs indicate vulnerability, despite bullish enthusiasm.
Traders are struggling to support Aero Momentum
At first glance, the sentiment of course seems cheerful, but the positioning of the futures tells a different story.
Aero’s open interest weighted financing interest remained negative during the price peak.
That is unusual. Because, mostly, sharp rallies percentages become positive when lungs dominate.
Source: Coinglass
This negative rate suggests that the recent price movement of Aero was not fully supported by buyers. In the last 24 hours, the number of long contracts on the market surpassed that in previous days.
The spot market has not offered much support either.
Exchange NetFlow data, which token -intake and outflow follows about centralized exchanges, this trend emphasizes.
Source: Coinglass
The sales activity increased in the last 48 hours, with a group of traders who load a total of $ 4.37 million to Aero on the market.
However, because the sale took place during an upward trend, it may have been short -lived. That leaves room for bulls to come in again, a momentum should return.
Aero’s strong buy activity …
An analysis of technical indicators that follow accumulation and volume shows remarkable signs of purchasing pressure.
Accumulation/distribution (a/d) metrics turned hard and improved from -15 million to -6.5 million. That means a net profit of $ 8.5 million, which of course meant a sharp shift to accumulation.
Source: TradingView
At the same time, Chaikin Money Flow (CMF) climbed to 0.29 – a strong lecture that supports the Koopstoot.
Together, these two analysis points emphasize strong capital inflow in Aero, which suggests that large players may still build up positions.
Investor confidence only jumps …
At the time of the press, data showed a significant increase in the trust of investors, with community sensing jumped to 89%.
This suggests that 89 of the 100 Aero investors were buyers. Such a positive sentiment also increases the chance of continuous upward movement.
Source: Coinmarketcap
However, Euphoric sentiment without pric structure support can sometimes indicate exhaustion instead of at the head.
But if the new question participates, the trend may extend a little longer.