The price of AUDI, which is a digital token that is built on the EOS.IO platform, rose significantly in the past few days. The token is currently trading around $0.58, which is around 11.6% higher than its price on January 1st, 2019. (AUDI replaced EOS as its primary blockchain in a recent update.)
Audius (AUDIO) is a blockchain-based platform that uses smart contracts to allow musicians to sell their music directly to consumers through the platform. The project is being led by the team behind the Aderhold Music label, a well-known artist management company and record label. The platform is intended to be used by all types of musicians, including those who are not signed, and it is designed to be accessible and simple to use.
Audio is a fascinating space, and one that is very under the radar. In this article, we will be looking at AUDIUS, a cryptocurrency that is being developed by Audius Labs, a team of Austrian blockchain developers. AUDIUS is a revolutionary product that could revolutionize the way we store and listen to music. It could also change how we interact with online video.
- The price range for a bullish Audius forecast is $2.16 to $3.29.
- Audius costs may potentially approach $5 in the near future.
- The pessimistic market price forecast for 2021 is $0.91, according to Audius.
We utilize data, price trends, RSI, and other information about AUDIO to evaluate the cryptocurrency’s future movement in our Audius (AUDIO) price forecast 2021.
Audius is a decentralized music-sharing and streaming system that allows listeners and producers to trade directly, allowing anybody to share, monetize, and broadcast any audio material.
Let’s take a look at the Audius pricing forecast for 2021.
Audius’s Current Market Situation (AUDIO)
At the time of writing, the Audius price was trading at $3.26, with a 24-hour trading volume of $974,637,878, according to CoinGecko. Audius, on the other hand, has risen by 89.9% in the past 24 hours.
Audius now trades on Binance, Toko Crypto, FTX, BitWell, and Hotcoin Global, among other cryptocurrency exchanges.
Price Prediction for Audius (AUDIO) in 2021
Audius (AUDIO) is currently ranked 78th on CoinGecko. With a daily time period, Audius price forecast 2021 is described below.
Descending Channel Pattern in AUDIO/USDT (Source: TradingView)
The Descending Channel Pattern of AUDIO is shown in the graph above. The price movement that occurs between higher inclining equal trendlines is known as a descending channel. This price pattern is formed by lower lows and lower highs.
AUDIO is now trading at $3.24, having already broken over its breakthrough level. Following that, AUDIO would continue to follow the pattern of an uptrend on the price chart. If the trend continues, the price of AUDIO may drop below $0.56.
Support and Resistance Levels of Audius (AUDIO)
The chart below shows the degree of support and resistance for Audius (AUDIO).
Support and Resistance Levels in AUDIO/USDT (Source: TradingView)
The following are the resistance and support levels of Audius, as shown in the preceding chart.
- $2.16 is the first level of resistance.
- Level 2 Resistance – $3.29
- $5.12 – Level 3 Resistance
- $1.61 is the first level of support.
- Level 2 Support – $0.91
- Level 3 Support – $0.62
Audius’ bullish performance during the preceding month is shown in the graph. This trend, however, will eventually hit a resistance level at $5.12. Furthermore, if the trend were to reverse, Audius might fall below $0.91, indicating a negative indication.
Average Directional Index of Audius (AUDIO) (ADX)
Now let’s have a look at Audius’ Average Directional Index (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The ADX of Audius is shown in the graph above. Audius is now in the range at 55.24, indicating a strong trend. This indicates that the ADX price may become bullish in the future.
Conclusion
The Audius is a cryptocurrency that is ideal for long-term investment. Furthermore, the Audius price forecast is positive in the near future. By the end of the year, it has a strong probability of hitting $2.16. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the improvements and updates to the Audius ecosystem, Audius’ performance will soon increase to $3.29. However, if investors think Audius is a solid investment in 2021, it might reach $5.12.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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What Is Audius? Audius is a new cryptocurrency that brings together the best features of Bitcoin and Ethereum and adds some extra functionality. The currency aims to be a medium of exchange and a store of value. It will also serve as the underlying protocol for decentralized applications, which allow for the creation of programs that function without the need for a central server.. Read more about audius price prediction 2030 and let us know what you think.
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