- 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||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|
|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|
|Average True Range(ATR)||0.1186||0.3151||0.7561|
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
- 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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