The price of Aethir has set 85% in the past week, powered by various Bullish ecosystem developments, including expectations that the Q3 project will conclude with record -breaking income.
Summary
- Aethir Price has set 86% in the last 7 days, supported by ecosystem developments.
- The project closes its most successful quarter to now in terms of network income.
- A double bottom outbreak on the daily card points up to 52% advantage for token in the coming weeks.
According to data from crypto.news, Aethir (ATH) -token acted at $ 0.058 on 15 September, afternoon Asian time, an increase of almost 86% in the last 7 days and 132% above his to date in July. The token is broken from a double bottom pattern, a very bullish reversing pattern, which points to a final rally to as high as $ 0.088 in the coming weeks.
The daily graph shows that the price of Aethir was recently broken from a double bottom pattern that has formed since the beginning of this year. In such a pattern, the price of an active two consecutive valleys (which form the soils) forms at a similar price level, separated by a rebound that determines the neckline. In the case of ATH, the neckline is $ 0.056, while the two soils were placed around $ 0.025.
From the moment of the press, the price of the token was almost again to test the neckline again. A rebound of this level would offer a stronger confirmation of a bullish reversal and could lead to further profit.
What is even more important is that the shorter term (50-day SMA) and advancing averages in the longer term (200 days SMA) almost confirm a bullish crossover. Traders call this a Golden Cross, a pattern that is usually followed by strong profit in the short term.
When they are taken together, the outbreak of the double bottom, the potential rebound of the neckline and the threatening Golden Cross create a strong confluence of bullish technical signals, an arrangement that indicates more upwards in the coming weeks for the price of Aethir.
The distance between the neckline at $ 0.056 and the bottoms at $ 0.025 is around 55%. Measuring from the same distance up from the neckline gives a breakout -purpose white of $ 0.088. This goal is around 52% above the current price level.
As such, the Bullish ATH price prediction remains as long as it is above the crucial level of support at $ 0.44.
Catalysts who can feed the Aethir price destination
Aethir has several catalysts who can feed his constant price dump. The team recently reported That the Aethir network has registered back-to-back income heights in July and August, on average around $ 13 million per month. Investors are now expecting comparable strong performance this month, which could mark Q3 as the strongest quarterly results of the project so far.
Such strong performance can attract new interest in investors this week.
The Layer-2 network has that too integrated The ATH-USD price feed from Pyth Network, which makes reliable, real-time prices in Defi applications possible. The development reinforces the presence of Aethir in the broader decentralized ecosystem and improves its usefulness for trade and credit platforms on chains.
Other bullish factors are aethir’s participation In the upcoming Korea Blockchain Week, his role in launching the AI -Bunded Alliance and its collaboration with Iotex as an employee of the ecosystem. These strategic movements expand the visibility of Aethir, strengthen its positioning within both the AI and the blockchain sectors and further improve the long-term growth views.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
