Audius Price Prediction: Bulls Eye the 200-day EMA

Audius price is on a decline as fear remains the key emotion driving the crypto market. The crypto fear & greed index is at 33, which is an improvement from the prior session’s fear level of 27. In comparison, it was at a neutral of 48 in the past week.

According to CoinMarketCap, Audius is ranked 99th in the crypto market. Over the past 24 hours, it has had its price drop by 3.04% and its trading volume by 48.45%.  

Audius price prediction

Audio is trading lower as heightened volatility continues to shape crypto price movements. After dropping to a two-week low of 1.9347 earlier in the week, Audius price bounced back with a 22.48%. However, over the past two sessions, it has erased some of those gains following a decline of 7.01%.

At the time of writing, the altcoin was down by 3.72% at 2.2145. On a two-hour chart, it is trading below the 25 and 50-day exponential moving averages.

In the near term, it will likely trade within a tight range of between the support level at 2.1304 and along the 25-day EMA at 2.2634. Above the horizontal channel’s upper border, the bulls will attempt to push Audius price past the 200-day EMA at 2.4406 as they eye the psychological level of 2.5000. On the flip side, a pullback below the channel’s lower border will likely place the support level at 2.0000.

Audius price
Audius price