AERO Technical Analysis Feb 24
The post AERO Technical Analysis Feb 24 appeared on BitcoinEthereumNews.com.
AERO continues its downward trend trading below EMA20, with Supertrend resistance pressuring at the $0.39 level. Although RSI at 37.96 is in the neutral zone, MACD shows a positive histogram; the overall picture indicates cautious consolidation. Executive Summary AERO’s technical chart gives short-term bearish signals alongside the dominant downward trend. With price positioned below EMA20 ($0.33) at $0.29, critical supports at $0.2725 and $0.2896 will be tested; for an upside breakout, $0.2971 resistance must be overcome. Indicators are mixed: RSI approaching oversold while MACD shows slight bullish momentum, but movements without volume support are risky. Bitcoin’s bearish Supertrend creates additional pressure for altcoins; the risk/reward ratio looks more attractive toward the bearish target ($0.1100). Market Structure and Trend Status Current Trend Analysis AERO is trading at $0.29 with a 3.05% drop in the last 24 hours, and the overall trend direction is downward. A clear downtrend dominates on daily and weekly charts; price is forming lower highs and lows, creating a bearish structure. The Supertrend indicator gives a bearish signal and positions $0.39 as resistance. While there is short-term correction potential, a strong volume-backed breakout is required for a trend change. Structural Levels 12 strong levels detected across multiple timeframes (1D/3D/1W): 2 supports/2 resistances on 1D, 2 supports/1 resistance on 3D, 3 supports/4 resistances on 1W. Main structural support at $0.2725 (score 75/100), followed by $0.2896 (65/100). Resistances stand out at $0.2971 (61/100) and $0.3350 (60/100). These levels align with Fibonacci retracements, pivot points, and volume profiles; breakouts will provide trend confirmation. Technical Indicators Report Momentum Indicators RSI(14) at 37.96 in the neutral-bearish zone; approaching the oversold (30) threshold, it could signal short-term recovery but no divergence. MACD shows positive histogram formation indicating bullish momentum, signal line crossover is near but will remain weak as long as it’s below the…
Filed under: News - @ February 24, 2026 5:23 am