Covenant x402
Doge Pepe
Tetsuo Super Intelligence
Claudia
Boomer
hi
Quantus
•AUDIO/USD is currently priced at $1.24 and has increased by 7.05% over the past 24 hours
•The trading volumes have increased by a monumental amount of 267.99%,suggesting increasing exposure
•The technical indicators suggest bullish momentum to continue.
Short Term View:Bulls hold firm as prices continue to rise
The Audius token price today is $1.24 USD with a 24-hour trading volume of $51,668,376 USD. Audius is up 7.05% in the last 24 hours.The Trading volumes have increased manifolds in the past 24 hours,indicating that the bulls have overpowered the market and taken over all the positions.The Volume to Market Cap Ratio stands at 0.09711.
The Audius crypto has gained over the past one week. The price that plunged to under US$0.8 is now back to over the US$1 level. The price is yet to reach the peak of over US$4, which Audius crypto attained in March 2021. On the daily chart,the momentum is increasingly bullish which is supported by huge trading volumes. The altcoin trades comfortably above the 20 and 50 SMA,with the 20 SMA leading the 50 SMA on the 4 hour chart. The coin is bound to find resistance at $1.33 while the support could be found at $1.15.
Long Term View
The short-term outlook for Audius Token price remains bullish as the MACD and signal lines are about to enter the positive territory, thus indicating a buy signal. Moreover, a bullish crossover by the signal line over the MACD line has occurred. Thus, we can witness that the overall market momentum is bullish, and the price will continue its up-trend after a short pull-back.The histograms have kept rising steadily as the bullish momentum sustains. The RSI on the other hand,stands at 59.11 which is suggesting the altcoin being in neither overbought nor oversold territory.
Conclusion
Audius has been in the middle of an uptrend that has seen it attain really great milestones. The altcoin has increased by a significant amount in the past few weeks and looks poised for further movement ahead. Hence,it becomes imperative for the coin to surpass the crucial resistance if it is to continue with the momentum ahead. If the pattern holds, AUDIO is about to have another sharp surge that will surpass its previous level, and potentially even take the coin to $1.33, or potentially even to $1.5.
Support:$1.15
Resistance: $1.33
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.
