Aethir Token Breaks Out, Signals Potential Rally to $0.088

Aethir’s Golden Cross and Revenue Growth Boost Price Momentum

Aethir (ATH) has seen a remarkable surge, trading at $0.058 as of September 15, marking an 86% increase over the past week and a 132% rise since its year-to-date low in July. Recent price action reveals that Aethir has broken out of a classic double-bottom pattern—a bullish reversal signal—pointing toward a potential rally to $0.088 in the coming weeks.

This technical pattern, characterized by two similar price troughs around $0.025 and a neckline at $0.056, suggests strong buying interest. Currently, Aethir’s price is near retesting this neckline, where a rebound would reinforce the bullish momentum and pave the way for further gains.

Additionally, Aethir’s shorter-term 50-day simple moving average is approaching the longer-term 200-day SMA, hinting at an impending golden cross—a widely followed indicator often associated with upward trends. Together, the breakout from the double-bottom, the potential rebound at the neckline, and the looming golden cross create a robust bullish setup, signaling upward momentum ahead.

Measured from the neckline to the bottoms, this breakout pattern sets a price target near $0.088—approximately 52% above the current level.

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Several catalysts could further fuel Aethir’s price momentum. The Aethir Network recently reported record revenues of around $13 million monthly in July and August, raising expectations for a strong Q3 performance. Furthermore, integration of the ATH-USD price feed from Pyth Network enhances Aethir’s utility in decentralized finance applications by providing reliable real-time pricing.

Strategic developments also bolster Aethir’s outlook. The project’s involvement in Korea Blockchain Week, its role in launching the AI Unbundled alliance, and a partnership with IoTeX strengthen its visibility and positioning in both blockchain and AI sectors, enhancing its long-term growth potential.