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•AUDIO/USD is currently priced at $0.44 and has increased by 3.01% over the past day
•The technical indicators suggest a positive outlook for the near term
•The trading volumes have increased by 1.02% over the past day
Short Term View: AUDIO bulls keeping the bears at arm’s length
The Audius price today is $0.441453 USD with a 24-hour trading volume of $45,944,710 USD. Audius is up 3.01% in the last 24 hours. The trading volumes have remained stable over the past day, with only a slight gain observed in the past day. The Volume to Market Cap ratio stands at 0.1446 for the altcoin.
AUDIO Coin marked the all-time high of $4.99 on Mar 27, 2021, but was unable to sustain momentum henceforth. Currently, it is in the middle of an uptrend as the Audius Token price is transacting above the 20,50 SMA on the four-hour chart. The altcoin is showing bullish divergence as the 200 SMA is trailing both the 20,50 SMA. If the momentum sustains, the resistance to target for the bulls resides at $0.70. On the flip side, the support for the altcoin lies at $0.36 in the event of the bears rearing their heads again.
Long Term View for Audius Token Price
The RSI indicator for AUDIO shows a reading of 45.28. This means the buying pressure is very high, as the altcoin continues its march towards the overbought territory. The green histograms have shown consistent growth over the past few days. In another piece of positive development for Audius Token Price, the MACD and signal lines are marching towards the positive zone while the gap continues to widen between the two.
Conclusion
According to the Audius Token price analysis, the bears have failed to take the market downwards, and as a result, we are likely to see the continuation of the bullish trend in the coming days.
Support: $0.36-$0.30
Resistance: $0.70-$1
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
