Audius (AUDIO) has experienced a 70% decline from its December 2024 peak of $0.25, currently trading at $0.07981 in a continued bearish trend.
The token is trading below major EMAs, with the 200-day EMA at $0.10537 serving as a significant resistance level.
Recent price action includes a minor bounce, with a 6% surge in the last 24 hours and a notable increase in trading volume, indicating some bullish sentiment.
Technical indicators such as RSI and MACD suggest a potential stabilization and easing of selling pressure, although the market is still in a bearish condition with resistance levels to overcome for a potential reversal.