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AUDIO Price Hikes by Over 25% Due to Coinbase’s RoadMap Inclusion

Published 2023-01-26, 02:00 p/m
© Reuters. AUDIO Price Hikes by Over 25% Due to Coinbase’s RoadMap Inclusion

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  • Audius’ inclusion in Coinbase’s roadmap elevates traders’ confidence.

  • Bears’ effort to control the market foiled as support is found at $0.2593.

  • If bulls are to succeed, resistance must be retained.

Since the announcement on January 24 that Audius (AUDIO) has been formally added to the listing roadmap for cryptocurrency exchange Coinbase (NASDAQ:COIN), market sentiment has remained positive. Bears took control in the previous 24 hours, but it was short-lived since support was found at $0.2593. This bear run was countered by the bulls, who drove the price up to $0.3386, a 26.87% increase.

During the upturn, market capitalization increased by 20.51% to $316,863,424 due to increased excitement and confidence in a predicted bull run. However, with the 24-hour trading volume falling by 56.15% to $211,295,260, a reversal could be on the way, indicating that traders are cashing out profits.

The post AUDIO Price Hikes by Over 25% Due to Coinbase’s RoadMap Inclusion appeared first on Coin Edition.

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