AERO breaks TVL record: is $1.5 target price in Q4 feasible?
Aerodrome Finance (AERO) has attracted attention recently due to strong fundamentals, ample liquidity and positive market sentiment, with its total locked value (TVL) reaching $869.73 million, a record high. Although AERO has experienced a correction after the high of $2.36, its market capitalization is $524.3 million and the daily trading volume reaches $30.22 million, showing strong adoption potential.
AERO's revenue distribution mechanism benefits token holders far more than Ethereum and Solana, which improves its on-chain utility and boosts its price. Currently, AERO is priced at $0.85 and has broken out of the symmetrical triangle pattern, showing bullish momentum.
Analysis shows that the moving average convergence divergence (MACD) indicator points to a bullish trend, and the liquidity of buy orders is better than that of sell orders, providing support for price increases. Under favorable market conditions, AERO is expected to reach $1.5 in the fourth quarter of 2024.
