AUDIO Technical Analysis: Will The Breakout Rally Sustain Above $1.50?

AUDIO coin price shows a Doji formation following the bullish engulfing candlestick that tests the 200-day EMA. Should you consider buying this breakout? Key technical points: AUDIO prices have increased by 4.95% in the past 24 hours. In addition, the 50-day EMA approaches the 100-day EMA for a bullish crossover. Finally, the 24-hour trading volume of Audius is $291.41 Million, marking a 70% rise. Past Performance of AUDIO AUDIO coin price has increased by 113% from the sudden reversal of the $0.67 mark in the past month. The bullish reversal started with the 47% engulfing candlestick on March 19th. The uptrend continued with a rounding bottom breakout followed by a 25% bullish engulfing candlestick on April 3rd. Source-Tradingview AUDIO Technical Analysis AUDIO coin price action includes an extended range Doji candlestick retesting the bullish breakout of the 200-day EMA. Hence, the possibility of an uptrend crossing above the $1.50 mark increases substantially. The crucial daily EMAs (50, 100, and 200-days) display bearish alignment, but the evident reversal increases the chances of bullish crossovers. Moreover, the price sustaining above the 200-day EMA projects a bullish signal. RSI Indicator: The RSI slope finally enters the overbought zone after a consolidation range formation above the halfway mark. Moreover, the 14-day SMA supports the bearish retracements and helps keep the uptrend in motion. MACD Indicator: The MACD ...