Alright, gang, checking out $AUDIO on the 1-hour chart.
Looks like we had a nice little pump there, spiking all the way up to $0.0628 before pulling back.
That's a good move, but it also shows some resistance building at that level.
Before that spike, price was pretty much consolidating in the $0.055 to $0.057 range for a good while.
We can see some clear support forming around $0.054.
Volume really came in with that spike, but it's tapered off significantly on this recent correction.
What's next? If we can hold this $0.057 area as support, we might see another attempt at breaking that $0.062 resistance.
If it dips below $0.057, then a retest of $0.054 is definitely on the cards.
Keep those eyes peeled.