Aethir (ATH) surged strongly thanks to a computing volume exceeding 340 million hours in Q3

Aethir (ATH) continues to maintain its momentum, increasing by 14%, currently trading above 0.056 USD in Friday afternoon session, extending a surge of over 90% in just one week. This upward trend is bolstered by the protocol recording over 340 million computing hours in Q3, an increase of 17.5% compared to the previous quarter. Technical signals indicate that there is still room for growth, with the next target for the bulls aimed at the 0.065 USD level.

Aethir breaks through thanks to the “oil of the AI era,” with computing demand driving growth

According to data from CoinGecko, the price of Aethir has surged over 90% in just one week, reaching a four-month high and pushing the market capitalization above 683.92 million USD on Friday.

Source: CoingeckoThis growth momentum originates from the surging demand for computing – likened to the “oil of the AI era” – in which Aethir is one of the prominent large-scale providers. In Q3 alone, the protocol recorded 340 million computing hours, averaging more than 28 million hours per week, a 17.5% increase compared to the previous quarter. Since its launch, Aethir's Decentralized Physical Infrastructure Network (DePIN) has provided a total of over 1.16 billion computing hours.

Source: Aethir/XNot only expanding in terms of usage demand, Aethir also demonstrates financial strength with an average revenue of around 13 million USD per month in July and August.

Source: Aethir/XSong At the same time, the project is also accelerating the construction of its ecosystem through a series of strategic partnerships: an alliance with AR.IO to participate in the AI Unbundled Alliance, supporting Everlyn's AI video model, and collaborating with Clore.ai to provide enterprise-level GPU access at competitive costs globally.

Aethir Price Outlook: Bulls Target 0.065 USD

At the beginning of the week, Aethir (ATH) surged strongly by breaking the downward trend line formed since December along with the narrow accumulation range of 0.028 – 0.037 USD, bringing a nearly 50% increase in just one day on Monday. The excitement did not stop there, ATH continued to rise for three consecutive sessions, adding more than 8%. By Friday morning, this token continued to soar an additional 14%, reaching 0.056 USD – the highest peak in four months.

If the upward momentum is maintained, ATH is likely to expand the upward wave and challenge the weekly resistance area around 0.065 USD.

Daily ATH/USDT Chart | Source: TradingViewTechnical indicators are also supporting this trend. On the daily timeframe, the relative strength index (RSI) has surged to 82, surpassing the overbought threshold and reflecting overwhelming buying pressure. At the same time, the MACD has recorded a bullish crossover right from the beginning of the week, signaling a clear buy, while the green histogram continues to expand above the 0 level, further reinforcing the optimistic outlook.

However, the adjustment scenario still needs to be considered. In the event of profit-taking pressure, ATH may retreat to test the support area around 0.040 USD.

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