Aerodrome Finance (AERO) price down by 7% showcasing bearish momentum.
AERO price break below key moving averages showcasing bearish dominance on the technical chart.
Aerodrome Finance (AERO) is witnessing extreme bearish pressure on the daily technical chart. The technical indicators are also showing worrying signs on Aerodrome Finance , with several of them indicating a bearish future for the altcoin in the short term. The price action of the token has turned very weak, and it has fallen below the important moving average levels that were before acting as support. As per CMC data, it is down by 7% and the price is currently trading at $0.7024.
The most important is that AERO is breaking down below the 50-day exponential moving average (EMA) at $0.70345 and the 200-day EMA at 0.76048. This two-moving average violation is especially interesting because it shows a change in both the short-term and the long-term momentum, which is now bearish. These are the important leve
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