Aethir (ATH) Hits Overbought Zone as Charts Signal a Likely Price Correction

Key Takeaways

• ATH broke out of a long-term corrective phase and turned bullish.
• A wave (iv) retracement is forming before the final impulse.
• The next major resistance lies at $0.065

Aethir (ATH) recently broke out of a long-term corrective structure and initiated a strong impulsive rally. 

Momentum has shifted decisively bullish, and the price action shows a textbook five-wave Elliott impulse nearing its wave (3) peak. 

The charts indicate that a near-term correction is likely before the trend continues toward new highs, with Fibonacci and structural confluences offering precise targets.

ATH Price Analysis

The daily chart shows that ATH has broken above a long-term descending resistance trendline formed during the W-X-Y-X-Z correction that bottomed at $0.024 on April 7, marking the end of a macro corrective phase.

The breakout gained strength near the $0.0426 structural support (previous resistance), followed by a rally that has reclaimed the 0.382 Fib retracement at $0.0501.

The current price action challenges the 0.5 Fib level at $0.0575, with the 0.618 zone at $0.0649 forming a key resistance confluence.

The Relative Strength Index (RSI) on the daily chart is firmly in bullish territory, approaching overbought conditions, which often precede local tops or corrective phases. 

The impulse structure unfolds clearly, with wave (iii) now extended, potentially entering consolidation before wave (v).

Macro structure supports further upside, but a pullback to confirm support above $0.050 or even $0.0426 would strengthen the bullish case. 

The medium-term outlook remains bullish as long as ATH holds above these levels.

Overall, ATH has shifted from a long-term correction to a bullish impulse. 

Given the current setup, a retracement could offer an entry before the final rally toward the $0.065 region.

ATH Price Prediction

The 1-hour chart reveals the internal structure of the impulsive advance from the April 7 low of $0.024.

ATH is currently completing wave (v) of wave (3), with a likely local top forming around $0.056.

A three-wave corrective pullback labeled wave (4) is anticipated, targeting support near the 0.236 Fib retracement level at $0.0426.

The short-term path projects a classic ABC correction after this local top forms.

Wave (a) could extend toward $0.046, followed by a lower high in wave (b), and then a final leg lower in wave (c) to complete the correction around $0.042. 

This correction would provide necessary consolidation after the steep rally, reset the RSI, and offer a healthier base for wave (5).

Wave (5) is expected to resume the uptrend, potentially targeting the 0.618 Fib level at $0.0649. 

If wave (iv) holds above $0.042 and resumes higher, the move to $0.065 would align with a typical extension and confluence zone on the daily chart.

After short-term consolidation, ATH will likely complete its final wave (5) push toward $0.065.

A correction into $0.042–$0.046 is probable in the next few days before continuation.

Key Levels to Watch

• Immediate Resistance: $0.0575 (0.5 Fib).
• Wave High Target: $0.0649 (0.618 Fib retracement).
• Wave (iv) Support: $0.0426 (structural + 0.382 Fib).