In this Audius technical analysis, we will examine the current price action, trading volume, key levels and indicators for AUDIO-USDT. Audius (AUDIO) is a decentralized music streaming platform that utilizes blockchain technology to provide artists with more control over their work and fans with more accessibility to high-quality music. By leveraging the power of AI, Audius aims to create a more personalized listening experience for users while also promoting discoverability and monetization opportunities for creators. Through its innovative use of blockchain technology, Audius is revolutionizing the way we consume and interact with music.
Audius Price Overview:
As of September 22, 2023, Audius is trading at approximately 0.1506 USDT. Let’s dive into the detailed price action for AUDIO-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.1494 |
| High (H) | 0.1518 |
| Low (L) | 0.148 |
| Close (C) | 0.1506 |
| Volume (C) | 3,334,659.40 |
- Open (O): The opening price for today’s trading session was approximately 0.1494 USDT.
- High (H): Audius reached a daily high of around 0.1518 USDT.
- Low (L): The daily low for AUDIO-USDT was approximately 0.148 USDT.
- Close (C): At the time of analysis, Audius is trading near its daily close of 0.1506 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.74% |
| 3D Change (%) | -2.40% |
| 7D Change (%) | 0.60% |
| 30D Change (%) | -4.50% |
| 90D Change (%) | -19.94% |
| YTD Change (%) | 17.84% |
Over the past three days, AUDIOUSDT has decreased by approximately -2.40%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 0.60%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with AUDIOUSDT maintaining a downward trend of approximately -4.50%, despite intermittent fluctuations. Examining the last 90 days, AUDIOUSDT has witnessed substantial decline of approximately -19.94%, reflecting strong long-term confidence. Year-to-date, AUDIOUSDT has steadily increased by around 17.84%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Audius Live Chart:
You can access a live price chart for AUDIO-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.44806.
- Momentum score is -0.04502.
AUDIO USDT Technical Analysis
Audius Trading Volume:
The trading volume for Audius (AUDIO) over the past 24 hours has been insignificant, with approximately 3,334,659.40 USDT traded against AUDIO. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): AUDIO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Audius is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for AUDIO-USDT is currently in the low zone, around 44.61429. This suggests that Audius is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Audius (AUDIO-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
