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AUDIO is currently testing a minor rebound. The current price is around 0.0278, stuck above the 7-hour moving average( approximately 0.0275), but suppressed by the 25-hour moving average( around 0.0281) and the 99-hour moving average( approximately 0.0304), with the overall pattern leaning weak.
The key point to watch is whether it can break through the 0.030-0.032 range—this is the resistance zone where the 99-hour moving average is located. Once it effectively breaks above, it may surge towards 0.033-0.035. Support below is at 0.027-0.026, with a stronger support at the swing low of 0.0271.
The trading volume isn't particularly hot, with sporadic waves of increased volume but overall still moderate. To sustain a bullish trend, it depends on whether it can break through the short-term moving average system and that 99-hour moving average; otherwise, the rebound space will be limited.
The trading volume is so disappointing, and even if it breaks through, it can easily get dumped.
If it breaks around 0.0271, we will have to find support again.
The 99-hour moving average pressure is too strong; it's useless if it doesn't break.
If it really wants to rush to 0.035, it has to eat through these moving average systems first, which is quite challenging.