Audius (AUDIO) has yet managed to interruption its downtrend, rallying 20% arsenic sentiment connected the broader crypto marketplace improves. The surge has nevertheless mislaid immoderate of its momentum but it is inactive holding steady. At the clip of writing, the token was trading astatine $1.9, up astir 5% successful intraday trading. Here are immoderate of the highlights:
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Although the token has surged, it is inactive trading astatine astir 70% down from its 2021 all-time high
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The token was besides down astir 30% successful December, and the caller surge lone serves to repair immoderate of these losses
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Despite these headwinds, Audius (AUDIO) is inactive 1000% up twelvemonth to date
Data Source: Tradingview.com
Audius (AUDIO) – terms enactment and analysis
The caller crypto correction we saw during overmuch of December had a immense toll connected Audius (AUDIO). The token saw slumps of astir 30% this month, but it has managed to repair immoderate of those losses. AUDIO has besides pushed beyond its 50-day moving mean of astir $1.68, suggesting an uptrend is starting to stitchery steam.
The adjacent situation would beryllium to roar supra the 100 and 200 regular moving averages of $2.047 and $2.125 respectively. So far, the token is investigating the 100 DMA but is yet to marque immoderate decisive break. This could suggest that the bullish breakout that saw the token summation 20% is losing momentum.
Should you bargain Audius (AUDIO)
From conscionable cardinal investigation alone, determination is nary uncertainty Audius (AUDIO) is simply a decent concern for semipermanent value. But the terms enactment successful caller months has been rather volatile.
Even with this caller surge, we don’t spot Audius (AUDIO) breaking beyond its 100 and 200 DMAs. So, adjacent though successful the agelong word determination is simply a batch of worth to unlock, successful the abbreviated word it's precise risky astatine the moment.
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