Audius

Resistance

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>The AUDIO price slipped below the 200-day EMA mark and is delivering bearishness.</a></li>
 <li><span>2</span> <a>Bears have persisted in adding short positions and looked strong.</a></li>
</ul>
<p>The AUDIO price (Audius token) has taken support near its major support zone of $0.1700, which signifies a bearish trend on the charts. Moreover, the token price has breached its key EMA support zone near $0.2000 and entered a bearish trajectory, replicating underperformance for the past weeks. Following the market downturn, the token has faced high profit-booking and eroded over 46% in the past two weeks.&nbsp;</p>
<p>At press time, the Audius token (AUDIO) price traded at $0.1949 with an intraday gain of 5.37%, reflecting neutrality on the charts. It has a monthly return ratio of -38.22% and -41.90% on a yearly basis. The pair of AUDIO/BTC is at 0.00000294 BTC, and the market cap is $170.66 Million. Analysts are neutral and suggest that the AUDIO token may attain strength and will replicate a bounce ahead.</p>
<h2 class="wp-block-heading" id="strong-audio-price-volume-profile-on-daily-charts-strong"><strong>AUDIO Price Volume Profile On Daily Charts</strong>&nbsp;</h2> <iframe loading="lazy" title="Santiment Chart: Price (AUDIO), Volume (AUDIO)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=audius&amp;pt=AUDIO&amp;df=2023-03-04T00%3A00%3A00.000Z&amp;dt=2024-04-15T18%3A29%3A59.261Z&amp;sat=shchcfg_5ToBl0jQNqSF&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D" scrolling="no"></iframe>
<p>The above chart replicates the <a href="https://www.thecoinrepublic.com/2024/04/14/opsec-price-prediction-opsec-crypto-fell-massively-what-next/" target="_blank" rel="noopener noreferrer nofollow">price</a>-to-volume profile of the Audius token (AUDIO) following selling pressure in the past sessions. Moreover, the coin has breached its neckline support region of $0.2000, and a decline of over 38% was spotted in the past two weeks. The intraday trading volume dropped over 54.89% to $10.97 million.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-and-weighted-sentiment-overview-strong"><strong>Price Volatility and Weighted Sentiment Overview</strong></h3> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (AUDIO), Weighted sentiment (Total) (AUDIO)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=audius&amp;pt=AUDIO&amp;df=2023-03-04T00%3A00%3A00.000Z&amp;dt=2024-04-15T18%3A29%3A59.261Z&amp;sat=shchcfg_5ToBl0jQNqSF&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Amidst the price rebound, the price volatility curve noted minimal fluctuations and stayed below the midline around 0.0232, delivering a negative outlook. However, the weighted sentiment looks positive and stayed above the midline, noted around 0.139, favoring the upside.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-twitter-followers-insights-strong"><strong>Social Dominance and Twitter Followers Insights</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (AUDIO), Twitter Followers 7d (AUDIO)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=audius&amp;pt=AUDIO&amp;df=2023-03-04T00%3A00%3A00.000Z&amp;dt=2024-04-15T18%3A29%3A59.261Z&amp;sat=shchcfg_5ToBl0jQNqSF&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Btwitter_followers_7d&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The above data showcased the social dominance data replicating a down move over 3.27% and dropped to 0.067%, replicating a decrease in the discussion reports on media platforms in the last session. However, the Twitter followers data noted minimal fluctuations, witnessed an increase of over 3.90%, and is staying around the midline around -95, indicating a negative outlook.</p>
<h4 class="wp-block-heading"><strong>Development Activity and Total Open Interest Overview</strong></h4> <iframe loading="lazy" title="Santiment Chart: Development Activity (AUDIO), Total Open Interest in USD (AUDIO)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=audius&amp;pt=AUDIO&amp;df=2023-03-04T00%3A00%3A00.000Z&amp;dt=2024-04-15T18%3A29%3A59.261Z&amp;sat=shchcfg_5ToBl0jQNqSF&amp;emcg=1&amp;emhwm=1&amp;wm=dev_activity%3Btotal_open_interest&amp;wax=0%3B1&amp;wc=%238358FF%3B%23FF5B5B&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>Per the Santiment data, the development data witnessed a decline and slipped over 3.27%, noted around 124, glimpsing a neutral outlook. However, the derivative data signifies long unwinding data, and the open interest dropped by 1.23% to $5.19 Million.</p>
<p>Per the Fib levels, the AUDIO token price is hovering around the 23.6% zone, depicting a negative outlook. However, the RSI curve stayed in the oversold region, and a bearish crossover was noted on the charts.</p>
<p>The total supply of the AUDIO token is 1.23 Billion, whereas the volume-to-market cap ratio is 0.0638, and it ranked 291 in terms of market cap in the global crypto market.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The AUDIO coin signifies a rebound of over 27% and secured the demand region near the $0.1800 mark. However, the token depicts follow-on selling pressure and trading below the key moving averages.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.1850 and $0.1700</p>
<p><strong>Resistance Levels:</strong> $0.2000 and $0.2200</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.</p>

AUDIO Price Prediction: Bears Gain Momentum; What’s Next?

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