Audius is the <a href="https://www.cryptoknowmics.com/news/audio-technical-analysis-breaks-out-of-its-three-month-long-resistance-level/">blockchain network for the music industry</a>. It allows direct transactions between users and artists. Moreover, it is a music-sharing, and streaming decentralized protocol. It gives freedom to distribute, monetize, and stream any audio content on its platform. Let us look at the technical analysis of AUDIO.
<h2><b>Past Performance </b></h2>
In the past seven days, AUDIO has traded between $2.71 and $2.85, that is, from August 28, 2021, to September 3, 2021. Thus, in the past week, AUDIO has increased by approximately 5.05%. Thus, bulls have overpowered the market and taken over all the positions.

<img class="tv-snapshot-image" src="https://s3.tradingview.com/snapshots/x/X4Ksa4IA.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/X4Ksa4IA/">https://www.tradingview.com/x/X4Ksa4IA/</a>
<h2><b>Day-Ahead and Tomorrow </b></h2>
AUDIO is currently trading at $2.85, which is close to its three-month-long resistance level. At the resistance level, it is completing a bullish rounding bottom. Therefore, a breakout from this level will highlight new resistance levels and, AUDIO can make new highs. Let's see what the indicators are indicating.

Also, the <strong>RSI indicator</strong> is now cooling off. It is currently at the 59% mark. For the time being, it is taking support of the trend line and is making a bullish divergence. Thus, indicating that the buying pressures are slowly mounting.

The <strong>MACD and signal lines</strong> are in the positive zone, thus indicating a buy signal. Moreover, a bullish crossover by the signal line over the MACD line has occurred. Hence, we may witness that the overall market momentum is bullish, and the price will continue its up-trend after a short pull-back.

The <strong>On-Balance Volume</strong> has broken its downtrend and has started moving towards an upward directory.

In short, when we look at all the three oscillators, we can say that the price may continue to rise. However, we cannot rule out the possibility of a trend reversal. We have to wait and watch to see if an intermittent price rise is a corrective action or the beginning of a positive trend.
<h2><b>AUDIO Technical Analysis </b></h2>
Currently, the price is taking support from the last breakout levels. Last week, AUDIO broke out of its three-month-long resistance level. Therefore, this is a small pullback that we are seeing, and the price is currently forming a base between these support levels. Generally, the price bounces back after taking the support.

However, if it breaks the immediate support level of $2.86, it will highlight the next support level, which is at $2.30. Traders can scalp accordingly.

If the bulls take over the position again, then we will expect the price to break out of its immediate resistance of $2.85. Post which, it will highlight the following resistance levels of $3.18 and $3.45.

AUDIO Technical Analysis: Close to Three-Month-Long Resistance Level of $2.9

As per the technical analysis, AUDIO is taking support from the last breakout levels. Last week, AUDIO broke out of its three-month-long resistance level.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

AUDIO Technical Analysis: Close to Three-Month-Long Resistance Level of $2.9

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