Price Predictions

Crypto Price Prediction of AUDIO for May, June and July 2022

Key Takeaways

  • The AUDIO price closed the previous day’s trade at INR 63.12 with a market capitalization of 5.96 Lakh and a circulating supply of 71,33,81,683 AUDIO
  • The price could drop significantly after a brief consolidation but may attempt for a larger upswing in the upcoming weeks ahead
  • However, despite the possibility of a drop, yet in the short-term a significant upswing may be expected until the end of May’s trade

Price Comparison Table

Crypto-Asset Start-Month Price (April) Mid-Month Price (April) End-Month Price (April) % Change
Audius (AUDIO) INR 89.33 INR 98.68 INR 63.78 -40%

* As of 04-May-2022

Check out the Latest Prices, Charts, and Data of AUDIO/USDT

Audius (AUDIO) Technical Analysis at a Glance

Short-Term In the short-term, the AUDIO price is rising high but is constantly challenged by the bears who attempt to restrict the price below INR 65
Mid-Term The AUDIO price is attempting for a flip but the volume is pretty less which is not offering a strong base to support the flip at the moment
Long-Term The price after a small consolidation could rise high to form the other shoulder of the H&S pattern and eventually drop back towards the neckline

Technical Indicators & Pivot Levels

Technical Indicators

Technical Indicators Value(1D / 1M) Action (1D / 1M)
Relative Strength Index(RSI) 38.39 / 100 Sell / Overbought
MACD(12,26) -0.082 / 0.284 Sell / Buy
Average Directional Index(ADX) 56.33 / 21.21 Sell / Neutral
Bull-Bear Power -0.255 / -0.085 Sell / Sell

Pivot Levels

Pivot Levels Short-Term(D) Mid-Term(W) Long-term(M)
Moving Average(MA)-50 INR 85.29 INR 83.45 INR 19.55
Moving Average(MA)-200 INR 110.18 INR 20.84 INR 4.89
Resistance INR 113.77 INR 164.16 INR 190.88
Support INR 36.65 INR 9.70 NA

Oscillators

Oscillators Short-Term(D) Mid-term(W) Long-Term(M)
Stochastic Oscillator 16.65 38.606 0.0
Ultimate Oscillator 31.71 35.29 28.34
Average True Range(ATR) 0.1186 0.3151 0.7561
CCI -111.24 -68.46 -7.66

AUDIO price is extremely bearish considering the daily and the weekly forecast. And hence it may hit the lower support soon. However, in the long-term or monthly forecast, a minor possibility of a trend reversal is observed. Therefore, after hitting the lower support, it may attempt a larger flip rising back towards INR 90.

The strength of the rally still appears weak while the asset remains highly volatile. Therefore, the asset may undergo a drastic price variation irrespective of direction, along with the pressure of the volume mounted. Therefore, until the asset is above the lower support, it may be considered as being in a safer zone.

Check out the Latest Prices, Charts, and Data of  AUDIO/USDT.

AUDIO Price and Technical Analysis for May-July

Source: Tradingview

  • After a gigantic fall from the 2021 highs, the asset attempted to halt the bearish trend a couple of times with a bullish breakout
  • However, each attempt resulted in a larger price drain which dragged the asset towards the lower support but also flipped from these levels
  • Currently, the price is on the verge to hit the lower support and with a rebound, it may begin forming the other shoulder of the ‘H&S pattern which is slightly bearish
  • The price if trades as per the plot may rebound after hitting INR 49 and rise high towards INR 80. Further, a large plunge may drag the price towards the same support and eventually may face a breakdown
  • Nevertheless, after a brief retest, the price may head back towards these levels, and attempt to surpass the neckline to test the upper resistance close to the 3-digit figure somewhere in July

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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].

The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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