In this Audius technical analysis, we will examine the current price action, trading volume, key levels and indicators for AUDIO-USDT. Audius is a decentralized music streaming platform that utilizes blockchain technology to provide transparent and fair compensation for artists. The platform’s native cryptocurrency, AUDIO, is used to reward content creators and incentivize community engagement. With Audius, musicians can maintain ownership of their work while reaching a global audience without the need for intermediaries.
Audius Price Overview:
As of July 08, 2024, Audius is trading at approximately 0.1264 USDT. Let’s dive into the detailed price action for AUDIO-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.1224 |
| High (H) | 0.1319 |
| Low (L) | 0.1166 |
| Close (C) | 0.1264 |
| Volume (C) | 11,541,200.60 |
- Open (O): The opening price for today’s trading session was approximately 0.1224 USDT.
- High (H): Audius reached a daily high of around 0.1319 USDT.
- Low (L): The daily low for AUDIO-USDT was approximately 0.1166 USDT.
- Close (C): At the time of analysis, Audius is trading near its daily close of 0.1264 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 3.18% |
| 3D Change (%) | 1.94% |
| 7D Change (%) | -17.22% |
| 30D Change (%) | -23.95% |
| 90D Change (%) | -53.82% |
| YTD Change (%) | -51.40% |
Over the past three days, AUDIOUSDT has risen by approximately 1.94%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -17.22%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with AUDIOUSDT maintaining a downward trend of approximately -23.95%, despite intermittent fluctuations. Examining the last 90 days, AUDIOUSDT has witnessed substantial decrease of approximately -53.82%, reflecting strong long-term confidence. Year-to-date, AUDIOUSDT has steadily depreciated by around -51.40%, 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 0.85913.
- Momentum score is -0.20353.
AUDIO USDT Technical Analysis
Audius Trading Volume:
The trading volume for Audius (AUDIO) over the past 24 hours has been insignificant, with approximately 11,541,200.60 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 39.92198. 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.
Explore potential downturns for Audius (AUDIOUSDT) at 1.26e-01 USDT, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.
Explore more with our thorough insights on AUDIO BTC Audius Technical Analysis — an essential read if you enjoyed the content of this post.
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.