Aerodrome Finance (AERO) is currently priced at $0.6601, reflecting a significant 7.59% decrease over the last 24 hours. The trading range for the past day has been between $0.6459 and $0.7249, indicating volatility, with a daily range of 0.078973%.

The trading volume stands at approximately 44.39 million, which represents 7.47% of its market capitalization, suggesting a healthy level of activity. However, the moving averages indicate a bearish trend, with the 8 SMA, 13 SMA, 21 SMA, and 55 SMA all reflecting declines of up to 3.83%, while the 144 SMA shows a slight upward trend of 0.28%.

The 1-hour RSI is at 30, indicating that AERO is currently oversold in the short term, which could signal a potential reversal or a bounce back. The 7-day RSI at 49 suggests neutrality, while longer-term trends are bearish, with the 7-day, 14-day, and 30-day price changes all negative, highlighting sustained downward pressure.

AERO's all-time high was $2.32, recorded on December 7, 2024, indicating significant potential upside from the current levels. However, the asset has lost over 26% in value in the past 30 days, raising concerns about continued weakness in the market.

Given the current technical indicators, including the bearish moving averages and the oversold RSI, there is potential for a short-term correction. However, the overall trend remains negative, and without clear bullish signals in the near term, a cautious approach is warranted.

Rating: Hold. The asset may show short-term recovery potential due to oversold conditions, but the longer-term trend is still down, indicating that a wait-and-see approach is prudent.