ATH-Potential Bullish Swing for a 60% gain on the horizon

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ATH-Potential Bullish Swing for a 60% gain on the horizon Aethir / US DollarCOINBASE:ATHUSDGoldenRule365Not 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
. 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
. 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.