, the native token of the decentralized music streaming platform, suddenly surged more than 70% within hours. AUDIO token printed a massive green daily candlestick as its price jumped from a low of $0.20 to reach a high of $0.365 on Jan. 24.
At the time of publication, AUDIO was up 64% in the last 24 hours at $0.316. The token is up 68% on the week. Its trading volume also shot up by 1,927% as traders jumped into the recent volatility to capture profits. Audius has steadily risen since the start of 2023. After seven straight days of positive price action, the price reached the $0.19 level on Jan. 14 before slightly retreating.
The rally picked up the pace once more on Jan. 22. Since then, Audius has closed each day in the green, with today's daily candlestick being the largest.For the first time in months, the rise pushed Audius past the daily MA 200 barrier, which had constrained its price since April 2022. While the recent rally seems to be technically supported, a recentCoinbase adds AUDIO to roadmap assets, according to a recent release.
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Source: CoinDesk - 🏆 291. / 63 Read more »