Bullish Audius price predictions got a boost last week when the token was listed on the Upbit platform. However, the momentum has since dried up, and the sharp spike move has fully retraced.
The markets now wait to see if the new projects recently launched on the network buy interest. The Audius network has enabled a feature that will permit users to preview their NFTs on Discord and Twitter. This feature demands that users connect their Web3 wallets to the Audius app to access their NFT video galleries, which can be embedded on social platforms.
Audius presently has a feature that enables music artists with TikTok to upload their music on that platform. The AUDIO/USDT pair is getting some traction from the news and is up 13.69% on the day.
Audius Price Prediction
Any bullish Audius price predictions will depend on the price action breaking above the channel’s return line. If this happens, the next target for bulls would be at the 2.55855 resistance. The 2 November/5 November highs at 2.89735 become the next target to the upside if the price keeps advancing, leaving 3.16680 as the next available stop to the north.
Conversely, rejection of price action at the channel’s return line opens the door to a downside move which targets 2.17745, before the confluence of lows at 2.05580 come into the picture. 1.91290 and 1.73615 are additional targets to the south if the price maintains a decline, with the latter support level also being strengthened by the 200-day moving average.
AUDIO/USDT: Daily Chart
Follow Eno on Twitter.