In line with the general correction in the crypto market, the Audius price predictions are predominantly bearish. The AUDIO/USDT pair is trading lower this Friday, down by 4.96% as of writing as the pair looks set to end the week lower. A lower close preserves the bearish bias on the pair following steep declines on Monday and Thursday.
Not much has happened in the way of the Audius project after it launched NFT embed features along with Twitter and Discord integration.
The AUDIO/USDT pair continues to toe the line of the general market direction, which at the moment is downward as the bulls aim to find a bottom.
The AUDIO/USDT pair is testing support at 1.378. A breakdown of this area allows the bears to push the price action towards the 0.931 support, leaving 0.640 as the additional pivot to the south, which was last tested on 26 June.
On the other hand, a bounce on the 1.378 pivot is expected to send the pair towards 1.904. At this point, a break will allow 2.374 to come into the picture as the next upside barrier. If this barrier gives way, fresh resistance will come in at 2.855 (12 April, 3 May and 9 November highs). Additional targets to the north reside at 3.235 and 3.716.
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This post was last modified on Dec 17, 2021, 14:45 GMT 14:45