Aerodrome Finance (AERO) is currently priced at $0.61586, showing a significant decline of 6.95% over the last 24 hours. The daily trading range is relatively tight, between a high of $0.678706 and a low of $0.606993, indicating a bearish sentiment as it has moved closer to the lower end of this range.

The volume of $36,057,263 reflects a Vol/Market Cap ratio of 6.47%, suggesting moderate liquidity. However, the downward trend in short-term moving averages is concerning, with the 8 SMA at $0.6266 indicating a decline of 1.72%, and the longer-term 144 SMA at $0.6641 showing a more pronounced drop of 7.26%.

The Relative Strength Index (RSI) metrics further support a bearish outlook, with the 1-hour RSI at 35 indicating oversold conditions, while the 7-day RSI at 45 suggests the asset is still under pressure. The 7-day and 14-day price changes are both negative, at -11.11% and -13.61% respectively, indicating sustained selling pressure over these periods.

Notably, AERO has experienced a significant drop of 47.51% over the last 30 days, raising concerns about its short-term viability. Furthermore, its all-time high of $2.32, reached on December 7, 2024, highlights a stark contrast to its current price, suggesting that investor sentiment is currently far from optimistic.

Given the current technical indicators, the bearish price action, and the RSI levels suggesting oversold conditions, the recommendation is to Hold AERO. This strategy allows investors to await potential stabilization or a reversal in market sentiment before making further decisions, as selling now could result in locking in losses in a volatile market.