Crypto Market Consolidation: AERO, JUP, ASTER Prices in Focus

The crypto market has been in a consolidation mode since last week's hawkish Fed decision. Bitcoin is currently trading at $64,400, up by 1% in the last 24 hours. The market capitalization rose by 0.64% to $2.2 trillion.

Aerodrome Finance (AERO) has been making headlines with its recent recovery, jumping to a high of $0.5520, its highest point since January 18 this year. This is a significant increase from its lowest point this year, which was around 100%.

The rally can be attributed to steady DEX volume despite the ongoing market weakness. Aerodrome has handled tokens worth $12 billion so far this month, surpassing last month's $15.4 billion. The daily chart shows that AERO price rebounded after forming a double-bottom-like pattern at $0.2820 and a neckline at $0.5455.

Jupiter (JUP) has also rebounded in the past few days, moving from a low of $0.1500 on June 10 to the current $0.2156. Its network fees have fallen to $42.8 million this quarter, while its transaction volume retreated. The daily chart shows that JUP price rebounded and reached a high of $0.2156, its highest point since May 22nd.

Aster (ASTER) jumped briefly last week after the developers announced a major token burn and buyback initiative. However, it then retreated to the current $0.65 as the rally stalled. It is now hovering slightly above the crucial support level of $0.623, the lower side of the horizontal channel.