Aerodrome Finance (AERO) fell more than 6% today, trading at $1.13 after briefly surpassing $1.22 earlier this week. The move comes after a multi-day rally and appears linked to profit-taking as the token reached overbought RSI levels.
Weekly gains remain intact
Despite the daily decline, AERO is still up around 40% over the past week. The strong performance was fueled by Coinbase’s recent decision to integrate Aerodrome into its trading app for Base network assets. This update gives more than 100 million Coinbase users direct access to every token listed on Aerodrome without waiting for a centralized listing.
The integration connects Aerodrome’s decentralized exchange infrastructure to one of the largest centralized trading platforms. Users can now trade Base-native tokens directly from Coinbase balances, with network fees covered and a built-in self-custody wallet included. For developers, this creates a faster path to a broad user base, while for Aerodrome, it could mean higher liquidity and greater visibility across the market.
Technical Indicators Ease From Extremes
The RSI has cooled to 66, just under the overbought threshold, while the Stochastic RSI remains high at 88. All major moving averages are still aligned in a bullish formation, suggesting the broader uptrend remains intact for now.
If selling continues, Fibonacci retracement levels point to $1.03 and $0.95 as potential support zones. Holding above these levels could help maintain the upward bias, while a bounce from current prices would shift attention back toward retesting the $1.22 high.
