Despite the solid bullish range breakout, the AUDIO coin price struggles near the 38.20% Fibonacci Level to continue the bull run to the $4 mark.

Audius is a decentralized music sharing and streaming protocol. It facilitates direct transactions between creators and listeners, giving everyone freedom to distribute, monetize and stream audio content.

Let us now take a deep look into the technical analysis of Audius.
<h2>Past Performance of AUDIO</h2>
AUDIO coin price recently gave a breakout of the consolidation range below the 50% Fibonacci Level with a solid bullish engulfing candlestick. However, the <a href="https://www.cryptoknowmics.com/news/audio-technical-analysis-price-consolidates-within-fib-levels/">coin price struggles</a> to rise above the $2.75 mark, evident by the higher price rejection candlesticks. 

The coin price struggles between the 50% and 38.20% Fibonacci levels in the daily chart. Hence, traders must wait for a decisive breakout before picking a side because of FOMO.

<img src="https://s3.tradingview.com/snapshots/h/hjWD3Mu4.png" alt="TradingView Chart" />

<a class="editor-rtfLink" href="https://www.tradingview.com/x/hjWD3Mu4/" target="_blank" rel="noopener">AUDIO/USD Daily Chart</a>
<h2>AUDIO Technical Analysis</h2>
The AUDIO coin price trades at $2.58 with a fall of 1.08% in the past 24 hours. Moreover, the intraday trading volume of the coin has increased by 65%.

AUDIO coin price action can foresee a bull run upon the bullish breakout of $2.75. However, the recent sideways trend increases the chances of a reversal.

The breakout of the $2.75 can be considered a suitable entry spot. However, the bull run may find resistance near the Pivot Points at $3.25 and $3.75. And, on the opposite end, the $2.25 and $1.95 can help oppose the downfall.

The RSI slope in the daily chart sustains above the central line and slightly below the overbought territory. The rise from 43% to 58% reflects the growth in underlying bullishness. Hence, the RSI indicator gives a buy signal for the AUDIO coin.

The MACD line and the seller’s line are above the zero mark. The lines may soon give a bearish crossover as their proximity increases. Moreover, the histograms reflect weakness in the uptrend. As a result, the MACD indicator shows a sell signal.
<h2>Upcoming Trend</h2>
As per the technical analysis of Audius, the AUDIO coin price is at a crucial stage. The breakout of the $2.75 can lead to a bull run, but the continuation of the sideways trend increases the chances of a reversal. 

In a nutshell, buying opportunity resides at the breakout of $2.75, and selling opportunity will showcase at $2.35 fallout.

AUDIO Technical Analysis: Uptrend Struggles to Reach $4

Despite the solid bullish range breakout, the Audius (AUDIO) coin price struggles near the 38.20% Fibonacci Level to continue the bull run to the $4 mark.

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: Uptrend Struggles to Reach $4

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