AUDIO Records Over 16% Surge in Price in the Last 24 Hours

The Audius network, a Web3 music platform, has recently made significant developments that have caught the attention of cryptocurrency investors and traders.

One of the noteworthy developments occurred in February of this year when Audius announced its integration with TikTok. This integration has allowed Audius users to feature songs from the streaming platform in their videos on the popular social media platform.

🔔 Web3 Music Streaming Platform Audius Integrates TikTok

➡️ Audius users can sign up for the application with their TikTok profiles and use the streaming service’s songs in their videos on the social-media platform. pic.twitter.com/QWU5drYScW

— Psquare Daily (@pSquare_Daily) February 24, 2023

The Audius market has been experiencing a steady increase in price due to recent network developments. In the past 24 hours, the native token of Audius, AUDIO, has seen a substantial surge in price, with an increase of over 16%. As a result, the trading price of the AUDIO to USD pair is currently trading at $0.3836.

The Audius market’s trading volume has surged by an impressive 1560.52%, reaching a staggering $310,769,326. In addition, market capitalization has skyrocketed by 16.33%, currently at $384,746,427. The bullish investors have also established weekly highs of $0.4954 over the past 7-days. Now, AUDIO dominates the market with a share of 0.03%.

Intraday, bulls have successfully set a resistance level of $0.4954 in the Audius market, while the support level stands at $0.3305.

AUDIO/USD 24-hour price chart (source: CoinMarketCap)

Recent Technical Indicators of the AUDIO Market

In the last 24 hours, the price analysis of the AUDIO token suggests a bullish sentiment. The widening of the Keltner Channel (KC) indicator indicates that the market is optimistic and likely to continue this trend in the coming hours. Additionally, the green candlestick pattern above the middle bar suggests that the bulls are currently controlling the market.

As of now, the upper band, middle band, and lower band have readings of 0.3899, 0.3132, and 0.2363, respectively. This suggests that the market is currently favorable to buyers, and it may be a good time to invest in the AUDIO token.

According to the Coppock Curve, the AUDIO market is currently under the control of bullish investors, with a reading of 37.9423. However, traders and investors should take caution as the current reading exceeds 9.89361518, indicating the possibility of a price reversal soon. The Coppock Curve is a valuable tool for predicting market trend reversals. A score above zero suggests a positive trend, but a high number, such as 9.89361518, may indicate a bearish trend.

The Killinger Oscillator has surpassed its signal line, recording a reading of 5.172. This suggests that the market sentiment is positive and that the buying pressure is gaining strength in the AUDIO market. As a result, the optimistic trend in the market is expected to continue in the hours ahead.

AUDIO/USD 24-hour price chart (source: TradingView)

In conclusion, the Audius market has witnessed an impressive surge in trading volume and market capitalization within the last 24 hours, signaling a positive market sentiment that bullish investors currently dominate.

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