From the 4-hour chart of AUDIO/USDT, we can make the following analysis and predictions:
Current Price: The current price of AUDIO is $0.1980, a slight increase of 0.71%.
Moving Averages (MA):
The 10-day moving average (blue line) is at $0.18192.
The 60-day moving average (red line) is at $0.18952.
Volume: The volume is 91.091K, indicating increased recent trading activity, suggesting relatively active market sentiment.
MACD Indicator:
The MACD indicator shows that the blue line (MACD line) is above the orange line (signal line) and the gap is widening, which is typically a bullish signal.
The MACD histogram shows increasing green bars, indicating strengthening buying pressure.
- Chart Pattern:
The chart shows that the price of AUDIO has exhibited a significant upward trend after breaking through the 60-day moving average.
The current price is in a phase of correction after the rise, and it may test the support level below before continuing to rise.
- Support and Resistance Levels:
The current support levels are at $0.1963 and $0.1941. If the price retraces, it may find support at these levels.
The immediate resistance level is near $0.2100. If it can break through this level, further upward movement may occur.
Predictions:
In the short term, the price of AUDIO has shown strong upward momentum after breaking through the 60-day moving average. If the price can hold above the support levels of $0.1963 and $0.1941, accompanied by increasing volume, the price is expected to further rise, with a target of $0.2100.
If the price falls below the support levels of $0.1963 and $0.1941, there may be further retracement, but the overall bullish trend still exists.
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