Aerodrome Finance (AERO) is currently priced at $0.654943, reflecting a 3.52% decline over the past 24 hours. The daily price action has seen a high of $0.688142 and a low of $0.65564, indicating limited volatility with a daily range of just 0.032502%.

Trading volume stands at 18,331,027, which represents 3.09% of the market cap, suggesting moderate liquidity. The short-term moving averages are displaying bearish signals, with the 8 SMA at $0.6643 (-1.41%), the 13 SMA at $0.6687 (-2.05%), and the 21 SMA at $0.6731 (-2.70%), all indicating downward momentum.

The 1-hour Relative Strength Index (RSI) is at 26, signifying that AERO is in oversold territory on a very short time frame. Conversely, the 7-day RSI is at 49, indicating that the asset is nearing neutral territory, while the 14-day RSI has turned negative, reflecting a recent downtrend.

Over the past week, AERO has shown a price increase of approximately 11.42%, but this is misleading given a significant drop of 31.20% over the past month. The price is still considerably below its all-time high of $2.32 reached in December 2024, suggesting potential for future recovery if market conditions stabilize.

In conclusion, the current bearish momentum and oversold conditions suggest that AERO may face continued downward pressure in the short term. Given the mixed signals from technical indicators, a cautious approach is warranted, leading to a Hold rating until clearer bullish patterns emerge.