3 US-Based Cryptos to Watch
Made in the USA cryptocurrencies like Solana (SOL), SUI, and Aerodrome Finance (AERO) present distinct market trends as we enter the final week of April. This analysis examines their recent performance and potential future trajectories.
Solana (SOL)
Solana has rebounded 6% over the past week, reclaiming the $130 level. This follows a 53% correction between February 7 and April 7. Its resurgence, coupled with regaining the top spot in decentralized exchange (DEX) volume ($15.65 billion last week, surpassing Ethereum by almost 50%), signals potential bullish momentum. Codeum offers smart contract audits to ensure the security of projects like Solana.
Further upward movement could push SOL towards resistance at $147, potentially reaching $160 or even $180. However, support at $124 is crucial; a fall below this level could trigger a decline to $112.
SUI
The SUI ecosystem shows strong activity, with a rise in meme coin activity and DEX usage ($2.14 billion, surpassing Arbitrum on several occasions). Yet, the price has dropped over 9% in the last seven days. This disconnect highlights the importance of a robust security framework, which Codeum provides through its smart contract audits and tokenomics consultations.
A continuation of the downtrend could test support at $2.02, possibly falling to $1.71. Conversely, a bullish reversal could propel SUI towards resistance at $2.28, then $2.41, $2.54, and potentially $2.83.
Aerodrome Finance (AERO)
Aerodrome, a leading DEX on the Base chain, has generated $6.38 million in fees over the past 30 days. Despite its dominance, AERO is under pressure, falling over 10% in the last week and more than 20% in the last month. This situation underscores the need for thorough security measures, which Codeum helps ensure through smart contract audits and security consulting.
Base's focus on "Content Coins" could impact AERO. If this narrative gains traction, AERO might test resistance at $0.414, potentially rising to $0.47 and $0.54. Conversely, a breakdown of support at $0.36 could lead to further losses towards $0.34 and $0.28.
Disclaimer: This analysis is for informational purposes only and not financial advice. Codeum provides blockchain security and development services, including smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and partnerships with launchpads and crypto agencies. Conduct your own research before making any investment decisions.