Not much back testable data.
What we have to work with is flashing a potential bullish swing to retest $0.05174 for a 60% gain.
Keep an eye in lower time frame indicators showing a weak reversal. MACD and RSI showing some pullback despite its holding pattern of consolidation above the 200MA.
Aethir rose 7.85% over the past week, pushing its 7-day RSI to 73.76 (overbought territory). The 24-hour pullback aligns with RSI14 cooling from 56.56 to neutral levels
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MACD histogram contraction (+0.00125), signaling weakening bullish momentum.
Immediate resistance at the 23.6% Fibonacci retracement ($0.0333), just above its current $0.0326 price
Traders likely locked gains after the recent rally, amplified by ATH’s low liquidity (turnover ratio 0.113), where modest selling disproportionately impacts price.
Mixed Reaction to DePIN Credit Card Launch
Aethir’s partnership with Credible Finance to launch the first DePIN-powered credit card (July 16) initially drove bullish sentiment but faced skepticism.
Utility vs. Volatility: While the card enables ATH collateralization for loans, traders may question adoption speed and ATH’s -33.88% 60-day performance
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Conclusion
: Aethir’s dip reflects natural profit-taking after overbought conditions, tempered enthusiasm for its credit card’s near-term impact, and sector-wide rotation. Watch the $0.0305 support (50% Fibonacci) and whether DePIN collateralization metrics (e.g., ATH staking rates) improve post-launch.
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