The Aethir price dropped 3% in the last 24 hours, despite announcing participation in a major gaming event.
Recent Events and Price Impact
The Aethir project announced on social media that their team will be attending the largest gaming event of the year, held somewhere in Europe between August 21 and 25. This announcement caused a temporary surge in the token's price to $0.07094, followed by a correction to $0.06644.
Aethir Technical Analysis
Aethir's technical indicators show instability. Bollinger Bands have started to narrow, which is a bearish sign. The Relative Strength Index (RSI) fluctuates around the neutral area, indicating a struggle between bulls and bears. The recent 12-hour price drop is a direct consequence of this conflict.
Future Prospects
The Aethir price found support at $0.065 but also faces resistance at $0.067. While many experts hope for a price increase, there is a risk of further decline. Investors, especially inexperienced ones, should approach with caution.
The future prospects for Aethir remain uncertain, and traders should closely monitor market indicators to make informed decisions.
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