AERO Technical Analysis Shows Mixed Momentum Signals

A recent technical analysis of AERO has highlighted a mix of bullish and bearish signals in its momentum indicators. The Relative Strength Index (RSI) is currently at 39.21, indicating a neutral zone that could potentially turn bullish. However, the Moving Average Convergence Divergence (MACD) histogram remains positive, suggesting a hidden bullish divergence.

The Supertrend indicator is also giving a bearish signal, while the overall trend direction continues downward. The price has squeezed into a daily range of 0.30-0.34 dollars with a 7.15% drop in the last 24 hours. However, volume-supported recovery signals are starting to form.

The analysis highlights key supports at 0.2725 and 0.2939 dollars, as well as resistance at 0.3432 dollars. The medium-term ribbon has flattened, indicating that momentum is seeking a bottom. Breaking EMA200 would strengthen the deep bearish scenario, while holding above it could form the base for an altcoin rally.