Will AUDIO Price Break Above Key EMAs?

Audius price is down by 12.09% over the past 3 months, whereas, according to the price action, the AUDIO price remains under the bears’ influence. Sellers are trying to pull Audius crypto toward the lower trendline. Audius must attract buyers in order to surge toward the upper trendline. Investors in Audius crypto need to wait for any directional change over the daily time frame chart.

Audius price prediction showcases the decline of AUDIO crypto price from the higher level over the daily time frame chart. AUDIO crypto needs to attract buyers in order to reach the recovery level. However, trading volume is below average and needs to grow for the Audius crypto price to sustain at a higher level.

Meanwhile, AUDIO crypto is trying to surpass above 50, 100, and 200-day daily moving averages. Audius price lost 3.37% in a month and 12.09% in the last three months. Moreover, the AUDIO price has plunged around 46.81% in the last six months. However, it has gained 17.91% year to date.

Technical Analysis of Audius Crypto Price in 1-D Timeframe

If it can sustain at this level, the Audius price could continue to go up and reach the first and second targets of $0.17522 and $0.21021, respectively. However, if the AUDIO price cannot maintain this level and falls, then it might hit the closest support levels of $0.11457 and $0.07958.

At the time of publishing, Audius crypto price is trading below the 50 and 200-day SMAs (simple moving averages).

However, if more selling volume is seen, then the price might conquer supporting SMAs by making lower highs and lows. Hence, the AUDIO price is expected to move downwards giving bearish views over the daily time frame chart.

Technical indicators highlight the downtrend momentum of the AUDIO crypto price. The relative strength index showcases the downtrend in Audius price chart. RSI was at 48 and is heading from neutrality to oversold region.

MACD exhibits the downside trend of the AUDIO crypto price. The MACD line is above the signal line after a positive crossover. Investors in AUDIO crypto need to wait for any directional change over the daily time frame chart.

Summary

2The daily time frame chart of Audius cryptocurrency shows a drop in trend from the upper level. In order for AUDIO cryptocurrency to rebound to higher levels, it must draw more buyers. Technical indicators suggest AUDIO cryptocurrency price is in a downturn. Investors must watch the daily time frame chart for any directional changes.

Technical Levels

Support Levels: $0.11457 and $0.07958.
Resistance Levels: $0.17522 and $0.21021.

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions