AUDIO Price Has Slipped Below 200-Day EMA; Bearish Move Expected?

• The AUDIO crypto price dropped by 33% this month.
• The RSI is at 37 and it rapidly dropped from the overbought zone.

The Audius (AUDIO) crypto price has been in a bullish trend since mid-October and it jumped by 120% till December. Since the first week of January, the AUDIO crypto price has witnessed strong selling pressure as the price declined by 33%.

Currently, the AUDIO coin is trading below the significant moving average, indicating sellers’ dominance. The Audius crypto price has tried to sustain the strong level of $0.200, but sellers have pulled the price below the moving average.

The market capitalization of Audius crypto is $211.19 Million while the 24-hour trading volume is $4.95 Million with a fall of 2.47% during  this period. Its fully diluted market cap is $218,902,895.

The Audius crypto is trading at $0.17 with an intraday loss of 4.20%. The circulating supply of the Audius crypto is 1,181,302,120 AUDIO and the maximum supply is 1227,735,308 AUDIO.

Technical Analysis of Audius Price on Daily Time Frame

On a daily time frame, the AUDIO crypto performed poorly over the last few weeks. Currently, the price is taking support at the $0.180 level. If the Audius coin price drops below the support line and sustains there, sellers may dominate and the price may perform negatively. 

On the other hand, if the AUDIO crypto price bounces back and surpasses the 20-Day moving average, then the bullish trend may continue and buyers may dominate ahead. However, if the AUDIO price rises and sustains the $0.300 level, then the investors will become confident and a long-term bullish trend can be expected.

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Audius Price Technical Analysis Over 4-Hour Time Frame

The Audius crypto price has been consolidating in a parallel channel on the 4-hour time frame. Currently, the AUDIO price is staying at the support zone of the channel. If the price slips below the channel and spends time there, a bearish trend can be initiated.

On the other hand, if the AUDIO crypto price rises over the 20-Day moving average then it may easily approach the 200-Day moving average. However, if the AUDIO coin price surpasses the 200-Day moving average and sustains there, buyers may become confident and the price may perform positively.

Audius Crypto Price Prediction FAQs

What is the Audius price prediction today?

The AUDIO price is predicted to gain 0.00% to reach $0.18 by today.

What is the Audius price forecast for tomorrow?

According to our analysis, the AUDIO price will drop by 2.59% to reach $0.178 by tomorrow.

What is the Audius crypto price forecast for this week?

Based on our analysis, the AUDIO price will range between $0.187 to $0.165 this week.

What is the current Audius price prediction sentiment?

The current Audius price prediction sentiment is bullish according to our technical analysis.

Summary

Based on the technical analysis of the AUDIO crypto price, it can be concluded that the current sentiment is bearish. The price has slipped below the significant moving average, indicating the sellers’ dominance. However, if the price manages to bounce back and surpass the 20-Day moving average, the bullish trend may continue. As for the price prediction, the AUDIO crypto price is expected to range between $0.187 to $0.165 this week, according to our analysis.

Technical Levels

Resistance Level: $0.210 & $0.280

Support Level: $0.180 & $0.145

Disclaimer

Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.