Bitcoin’s fear and greed index indicates a potential uptick in the market as Bitcoin continues to be hovering a little below $30k.
With Bitcoin’s spot ETF applications pending any approval or action by the SEC, the industry continues to bank on PayPal’s stablecoin initiative to retain a positive sentiment.
The Exponential Moving Average for 10-day EMA indicates “Sell” at 29357 and 200-day EMA indicates “Buy” at 27268. The Simple Moving Average for 10-day SMA indicates “Sell” at 29343 and 200-day SMA indicates “Buy” at 27201.
The Ichimoku Base Line, valued at 29494, continues to be neutral. The Hull Moving Average indicates “Sell” at 29322. The Volume Weighted Moving Average indicates “Sell” at 29398.
Major market oscillators point to a “Neutral” sentiment. The Relative Strength Index (14) sits at 47, with a neutral outlook. The Stochastic %K (14, 3, 3) at 47 and the Average Directional Index (14) at 13 indicate a Neutral outlook.
The MACD Level (12, 26), at -77, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 43 and William’s Percentage too indicates a “Neutral” sentiment at -55.
As of 10:00 AM, 14th August 2023, on WazirX, Bitcoin’s current price is ₹25,30,000, with an almost 0.24% increase in the last hour.
Ethereum (ETH) is trading at ₹1,59,280, with an increase of 0.81% in the last hour. There was an increase of 0.76% in the last 24 hours. The 7-day ETH is up down 0.14%.
The top gainers on WazirX include Bakery Token (OXT), Dusk Network (ICX), and Tellor (RSR), with price increases of 20.97%, 13.21%, and 13.16%, respectively.
However, the tokens that underperformed comprised Alien Worlds (TLM), Orchid (OXT), and Origin Token (OGN), with a price decrease of 6.80%, 5.57%, and 5.43%, respectively.
Shiba Inu (SHIB) saw a price increase of 0.45% and is now priced at ₹0.000899. Dogecoin (DOGE) saw a decrease of 0.40% and is now priced at ₹6.35.
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
