- Audius is a decentralized music-sharing and streaming protocol.
- AUDIO price may also reach $5 if it exceeds $2.77 soon.
- Bearish AUDIO price prediction for 2021 is $0.177
This Audius Price Prediction 2021 article is based on technical analysis alone. In this article, you can see the key measures that were taken into consideration upon coming up with our AUDIO price analysis and prediction.
Audius is a decentralized music-sharing and streaming protocol. Moreover, it facilitates direct transactions between listeners and creators, providing everyone the freedom to distribute, monetize, and stream any audio content.
For interested crypto traders, the crypto trades at exchanges such as Binance, FTX, BiONE, CoinBene, and HitBTC.
Moreover, with these recent developments, is AUDIO a good investment in 2021? Let’s find out in this AUDIO price analysis 2021 article.
Audius (AUDIO) Price Analysis
Currently, AUDIO holds the 237th place on CoinGecko. But will the recent changes in the blockchain and its governance help catapult the price to reach higher? Let’s proceed to the charts in this AUDIO price prediction article.
In the daily time frame chart above, we can see the Three Rising Valleys pattern. Usually, this is preceded by an uptrend. But this can be followed by a downtrend as well. More so, the pattern itself shows a break further to the upside level. However, this pattern took half a month to form.
Meanwhile, the relative strength index (RSI) of the AUDIO is already at its overbought state. For this reason, traders must be careful because AUDIO might trigger a price reversal any time, as shown in this Wanchain price prediction.
According to CoinGecko, the AUDIO price is $2.16, at the time of writing. In terms of market position, the market capitalization of AUDIO amounts to almost $258 million. Furthermore, AUDIO has an average daily trading volume of over $106 million.
- Resistance Level 1 – $2.77
- Resistance Level 2 – $3.47
- Next Resistance Level – $4.58
- Support Level 1 – $1.309
- Support Level 2 – $0.177
The above chart shows the impressive performance of AUDIO in the last few days. AUDIO is showing a bullish trend. However, if the trend continues, AUDIO will run along with the bulls, overtaking its $3.47 resistance level and climb higher to $4.58.
In contrast, if the investors turn against the cryptocurrency, the bears might take over. More so, the AUDIO price might plummet to almost $0.177, a bearish signal.
Disclaimer: The opinion expressed in this chart solely the authors. It is not interpreted as investment advice.
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