Bitcoin is still trading on the lower side at $103,741 and remains in consolidation mode. At the same time, Aerodrome Finance is exploding following news of its integration into the Coinbase app. Total cryptocurrency market cap has jumped by nearly $500 million over the past three months. The lack of momentum from Bitcoin has traders searching for other opportunities. The integration news has propelled Aerodrome Finance by 35%, highlighting the impact of exchange listings and integrations on altcoin performance.

Bitcoin's Consolidation Phase

Bitcoin’s price is currently 😐 at 16. In an emerging “No Trend” zone, as discussed in the analysis. Reducing this indicator further indicates that the cryptocurrency is currently in a strongly consolidating phase, where strong directional momentum is missing.

The 50-day and 200-day Exponential Moving Averages (EMAs) for Bitcoin are both in bullish alignment. The golden cross pattern still holds bullish and strong. Yet, Bitcoin is not convincingly trading above the key $106,500 resistance level.

Bitcoin’s nearest resistance in the immediate future lies around the $106,500 level, a level it has been rejected on multiple recent attempts. Overhead, big resistance is between $108,800 and $110,000, a psychological area that sellers have repeatedly defended. High of critical resistance is at $112k, in the neighborhood of its all-time high region. On the flip side, near supportive backdrops don’t show up until the $102,000-$103,000 area, a region being tested as we speak. Atlas trading volume suggests that $49.4 billion of Bitcoin is traded in one day, -10% compared to the previous day.

Aerodrome Finance Rockets on Coinbase Integration

Aerodrome Finance recently made headlines with their announcement that its DEX would be getting integrated “natively” into the Coinbase app. Aerodrome Finance price has surged 35% since Coinbase announced Base DEX integration.

"We will be integrating DEXs from @base directly into the main @coinbase app, enabling Coinbase users to access and trade millions of assets onchain." - Aerodrome (@AerodromeFi)

The daily chart for Aerodrome Finance is 100% saying highly strong bulls momentum. Aerodrome Finance’s upcoming integration with Coinbase will introduce its best-in-class trading execution to millions of Coinbase users.

Market Outlook

While Bitcoin is in a consolidation phase, the total crypto market capitalization is on fire. Over the past three months, it has surged about $500 million! This shows that even though Bitcoin is in a consolidation phase, other altcoins are experiencing more bullish pumps. Aerodrome Finance’s meteoric rise demonstrates that extreme gains are still possible in the altcoin market. That promise is made even more enticing when combined with key exchange integrations.

"The world is coming onchain. 🛫 pic.twitter.com/O6tpIlt0oW" - Aerodrome (@AerodromeFi)