AUDIUS Token Report
Audius is a decentralized music streaming protocol that was originally built on the POA Network but has since transitioned to Solana. The platform was created to address the inefficiencies in the music industry, particularly the lack of transparency in music rights ownership and the presence of intermediaries that separate artists from their audience.
AUDIO is ranked #279 with a market capitalization of nearly $245 million. The current market price of the token is 0.2 USDT
On the daily time-frame, the AUDIO/USDT trend had broken above the descending trendline a few days ago. The trend is currently re-testing the breakout levels with good volume support. The price is expected to bounce back from this level. An immediate support is expected at 0.176 USDT and next resistance is expected at 0.27 USDT.
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