The AUDIO coin price shows an overnight increase in supply inflow, breaking below the psychological mark of $1. Will the falling price reach $0.85?

Key technical points:
<ul>
 	<li style="font-weight: 400">AUDIO market prices break below $1.</li>
 	<li style="font-weight: 400">The market price trades below all the crucial EMAs.</li>
 	<li style="font-weight: 400">The 24-hour trading volume of Audius is $35 Million, reflecting a fall of 20%. </li>
</ul>
<h2>Past Performance of AUDIO</h2>
AUDIO prices fail to sustain the bullish reversal from the $1 mark that started with a missing star pattern earlier this month. However, the reversal rally faced higher price rejection above the 200-day EMA resulting in a correction below the psychological mark of $1. 

<img src="https://s3.tradingview.com/snapshots/z/ZtHP9tzq.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/ZtHP9tzq/">Tradingview</a>
<h2>AUDIO Technical Analysis </h2>
The AUDIO price action shows the currently forming bearish candle reflects higher price rejection denoting a retest of the horizontal level breakout. Hence, the prices are most likely to fall to the upcoming support level with a rise in selling pressure.

Falling to get a bullish crossover, the bearishly aligned daily EMAs turn flattish and project a high reversal possibility. Moreover, the EMAs fail to protect the uptrend and regain the bearish status to provide resistance.

MACD indicator The fast and slow lines cross under the zero line as the selling pressure increases. Hence, the indicator projects a high possibility of bearish trend continuation. 

RSI indicator: The RSI slope reflects a gradual increment in selling pressure as the falling slope continues within the nearly oversold zone. Furthermore, the 14-day SMA remains under the bearish influence and provides resistance to the RSI slope.

In a nutshell, the AUDIO technical analysis displays a high probability of a fall to $85.
<h2>Upcoming Trend </h2>
AUDIO coin price action faces an overnight growth in selling pressure as the market price breaks below the psychological support of $1. That is why sellers can find an entry at current market prices and expect the falling prices to reach the $0.85 mark before finding support.

Support Levels: $0.85 and $0.65

Resistance Levels: $1 and $1.20

AUDIO Technical Analysis: Bears Break $1 Support, Eye $0.85

The AUDIO coin price shows an overnight increase in supply inflow, breaking below the psychological mark of $1. Will the falling price reach $0.85?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

AUDIO Technical Analysis: Bears Break $1 Support, Eye $0.85

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