Deep Dive
1. Technical Breakdown (Bearish Impact)
Overview: ATH trades at $0.03, below its 7-day SMA ($0.0307) and 30-day SMA ($0.0332). The RSI-7 (38.83) approaches oversold territory, while the MACD histogram (-0.00023) confirms bearish momentum.
What this means: Traders often interpret prices below SMAs as a “sell” signal. The RSI nearing 30 could hint at a short-term bounce, but the MACD divergence suggests caution. Immediate resistance sits at the 23.6% Fibonacci level ($0.0359).
What to watch: A close above the 7-day SMA ($0.0307) could stabilize prices, while a drop below $0.0298 (recent swing low) may trigger deeper losses.
Overview: AI and DePIN tokens lagged behind smart contract and DeFi coins in recent weeks, per a sector analysis. Despite Aethir’s H1 milestones ($140M+ annualized revenue, 971M+ compute hours), its price mirrored sector-wide apathy.
What this means: ATH’s utility in decentralized GPU markets hasn’t offset macro sentiment shifts. Investors favored yield-focused DeFi over AI narratives, per the CMC Altcoin Season Index dropping 10% weekly.
3. Strategic Profit-Taking (Neutral Impact)
Overview: ATH surged 12.93% over 60 days before this dip, likely prompting short-term holders to secure gains. The 24h trading volume fell 25.6% to $11.1M, signaling reduced buying interest.
What this means: Profit-taking is typical after rallies, especially with ATH’s high circulating supply (11.4B of 42B). The decline wasn’t accompanied by panic selling (Fear & Greed Index: Neutral 41), suggesting orderly repositioning.
Conclusion
Aethir’s dip reflects technical headwinds, sector rotation, and tactical profit-taking rather than fundamental deterioration. Its decentralized GPU network’s growth ($140M+ annualized revenue) offers a counter-narrative to short-term volatility.
Key watch: Can ATH hold the $0.0298 support level, and will Q4’s planned mainnet upgrade reignite demand for AI/DePIN tokens?