One major exchange is converting AERO balances — and $AERO is testing the one level that decides whether the merger news matters at all.
The window runs November 2–4: old AERO converts 1:1, VELO at about 0.044, sends and receives paused while it runs. I read that as a mechanics test, not a celebration: the Velodrome merger went live October 21, yet price slid from about $0.82 to near $0.60.
My 4H chart shows lower highs from that $0.82 top, and AERO now sits just above $0.5895 after touching it in the last day, down about 2% in 24 hours on Binance spot. A hold keeps the story alive; a break prices the new token, not the old story.
My lines: support $0.5895 · resistance $0.6270. A 4H close under $0.5895 kills this setup. My doubt: paused transfers and fresh unified supply can move quietly against holders not watching the window.
Who here is sitting through a token migration right now — and what do you watch first, the swap window or the chart?
Not financial advice. DYOR.
$AERO #Aerodrome #DeFi #TokenMigration #Base
The window runs November 2–4: old AERO converts 1:1, VELO at about 0.044, sends and receives paused while it runs. I read that as a mechanics test, not a celebration: the Velodrome merger went live October 21, yet price slid from about $0.82 to near $0.60.
My 4H chart shows lower highs from that $0.82 top, and AERO now sits just above $0.5895 after touching it in the last day, down about 2% in 24 hours on Binance spot. A hold keeps the story alive; a break prices the new token, not the old story.
My lines: support $0.5895 · resistance $0.6270. A 4H close under $0.5895 kills this setup. My doubt: paused transfers and fresh unified supply can move quietly against holders not watching the window.
Who here is sitting through a token migration right now — and what do you watch first, the swap window or the chart?
Not financial advice. DYOR.
$AERO #Aerodrome #DeFi #TokenMigration #Base
