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Bitcoin And Ether Saw A Price Rise After Two Weeks Low

By May 29, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $28,119.55, with an almost 0.22% decrease in the last hour. There was an increase of 3.49% in its price in the last 24 hours. The 7-day Bitcoin was up by 5.10%.

Ethereum (ETH) is currently trading at $1,907.72, with an almost 0.31% decrease in the last hour. There has been a 3.36% increase in its price in the last 24 hours. The 7-day ETH has been up by 5.85%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” at 27254 and 25089, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA both indicate a “Buy” at 27050 and 22891, respectively. Both the moving averages show strong “Buy” sentiments.

The Ichimoku Base Line, valued at 27826, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 27709. The Volume Weighted Moving Average at 27018 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 57, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 78 and 24, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -170 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 95 with a “Neutral” indicator, while the Williams Percent Range (14) at −14 signals “Sell.”

As of 09:30 AM, 29th May 2023, on WazirX, Bitcoin’s current price is ₹24,42,930, with an almost 3.06% increase in the last hour. There was a 3.25% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 1.11%.

Ethereum (ETH) is trading at ₹1,66,000, with an increase of 2.85% in the last hour. There was an increase of 2.85% in the last 24 hours. The 7-day ETH is up by 3.83%.

The top gainers on WazirX include PancakeSwap (CAKE), NKN (NKN), and OriginToken (OGN), with price increases of 15.1%, 12.3%, and 9.06%, respectively.

However, the tokens that underperformed comprised Kusama (KSM), Celo (CELO), and Komodol (KMD), with a price decrease of 6.23%, 4.56%, and 4.48%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.12% and is now priced at ₹0.000771. Dogecoin (DOGE) saw an increase of 1.22% and is now priced at ₹6.5000.

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