Aerodrome Finance (AERO) is currently trading at $0.34357, experiencing a significant decline of 8.96% in the last 24 hours. The price has fluctuated between $0.341865 and $0.38194, indicating a daily range of approximately 11% as trading volume sits at 22,398,929, representing 7.10% of the market cap.

Technical indicators show a bearish trend, with hourly moving averages consistently above the current price, suggesting a lack of upward momentum. The 1-hour RSI at 22 indicates oversold conditions, while the 7-day RSI at 44 points to continued weakness, as the asset has declined over 24.48% in the past week.

AERO has faced substantial losses over longer periods, with a 14-day price drop of nearly 28.89% and a staggering 30-day decline of 43.38%. This persistent downtrend, combined with the distance from its all-time high of $2.32, emphasizes significant selling pressure and a lack of bullish sentiment.

In summary, the technical analysis highlights weak momentum and an overall bearish market sentiment for AERO, while the recent high volatility and declining RSI metrics suggest further downside risk. Given the current price action, lack of recovery signals, and substantial recent losses, a Sell rating is warranted for AERO at this time.