Institutional investors remain bullish about Crypto as the overall market sentiment and price movement for Bitcoin shows steady momentum.
Ethereum’s price has become a talking point with the surge in price of LIDO, a liquid staking protocol on ETH which also enabled withdrawals recently.
The Exponential Moving Average for 10-day EMA indicates “Buy” at 27108 and 200-day EMA indicates “Buy” at 24987. The Simple Moving Average for 10-day SMA indicates “Buy” at 27043 and 200-day SMA indicates “Buy” at 22681.
The Ichimoku Base Line, valued at 27881, continues to be neutral. The Hull Moving Average indicates “Buy” at 27040. The Volume Weighted Moving Average indicates “Sell” at 27397.
Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 46, with a neutral outlook. The Stochastic %K (14, 3, 3) at 57 and the Average Directional Index (14) at 25 indicate a Neutral outlook as well.
The MACD Level (12, 26), at −356, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 83 and William’s Percentage is “Neutral” at −27 as well.
As of 10:00 AM, 24th May 2023, on WazirX, Bitcoin’s price is ₹23,61,968, with 1.15% decrease in the last hour. There was a 1.47% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 1.48%.
Ethereum (ETH) is trading at ₹1,60,550. There was a decrease of 0.59% in the last 1 hour. The 7-day ETH is up by 2.62%.
The top gainers on WazirX include Toko Token (TKO), IDEX (IDEX), and Dock (DOCK), with a price increase of 8.8%, 6.42%, and 5.26%, respectively.
However, the tokens that underperformed comprised Alchemy Pay (ACH), Zcash(ZEC), and Bakery Token (BAKE), with a price decrease of 7.24%, 6.32%, and 6.01%, respectively.
Shiba Inu (SHIB) saw a price increase of 0.65% and is now priced at ₹0.000771. Dogecoin (DOGE) saw a increase of 0.3% 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.