Audius (AUDIO) Price Prediction 2021 – Will AUDIO Hit $3.68 Soon?

Audius (AUDIO) Price Prediction 2021 – Will AUDIO Hit $5 Soon?
  • Bullish Audius price prediction ranges from $2.538 to $3.659.
  • Audius prices might also reach $3.682 soon.
  • Audius bearish market price prediction for 2021 is $1.19.

In Audius (AUDIO) price prediction 2021, we use statistics, price patterns, ADX, and much other information about AUDIO to analyze the future movement of the cryptocurrency

Audius is a decentralized music-sharing and streaming protocol that enables direct transactions between listeners and creators, offering everyone the freedom to share, monetize, and stream any audio content.

Let us see about the Audius price prediction for 2021.

Current Market Status of Audius (AUDIO) 

According to CoinGecko, the Audius price is trading at $2.39 with a 24-hour trading volume of $21,230,092, at the time of writing. However, Audius has increased by 3% in the last 24 hours. 

Currently, Audius trades in cryptocurrency exchanges such as  Binance, Toko Crypto, FTX, BitWell, and Hotcoin Global.

Audius (AUDIO) Price Prediction 2021

Audius (AUDIO) holds the 102nd position on CoinGecko right now. Audius price prediction 2021 explained below with a daily time frame. 

AUDIO/USDT Showing Descending Channel Pattern (Source: TradingView)

The above chart shows the Descending Channel Pattern of AUDIO.  A descending channel is the price action that takes place between upper inclining equal trendlines. In fact, lower lows and lower highs form this price pattern.

Currently, AUDIO is waving at $2.352. After this, AUDIO would continue to follow the pattern where the price chart would show an uptrend. If the trend reverses, then the price of AUDIO may fall to $1.860.

Audius (AUDIO) Support and Resistance Level

The below chart shows the support and resistance level of Audius (AUDIO). 

AUDIO/USDT Support and Resistance Level (Source: TradingView)

From the above chart, it is observed that the following are the resistance and support levels of Audius.

  • Resistance Level 1 – $2.538
  • Resistance Level 2 – $3.134
  • Resistance Level 3 – $3.682
  • Support Level 1 – $1.809
  • Support Level 2 – $1.199

The chart depicts the bullish performance of Audius over the previous month. However, this trend will continue to reach a resistance level at $3.682 soon. Even more, if the trend reversed then Audius might fall to $1.199 presenting a bearish signal.

Audius (AUDIO) Average Directional Index (ADX)

Let us now look at Audius’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

   AUDIO/USDT ADX (Source: TradingView)

The above chart represents the ADX of Audius. Currently, Audius lies in the range at 20.988, so it indicates a weak trend. This shows that the price of ADX can go bearish in the future.

Conclusion

The Audius is one of the cryptos which is great for long-term investment. In addition, Audius price prediction is bullish for the short term. It has a good chance of reaching $4.95 by the end of this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the Audius ecosystem, the performance of Audius would rise reaching $3.118 very soon. But, it might also reach $3.682 if the investors believe that Audius is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.