Bitcoin’s price remained consistent with the previous few days amidst speculation of Fed increasing interest rates. Ethereum saw a similar pattern in performance.
Most tokens were stable in the last 24 hours with a few tokens such as MATIC decreasing in price.
The Exponential Moving Average for 10-day EMA suggests a “Sell” at 23605.97 and the 200-day EMA indicates a “Buy” at 21731.79. The Simple Moving Average for 10-day SMA is 23857.30 suggesting a “Sell”, whereas the 200-day SMA indicates a “Buy” at 19743.71.
The Ichimoku Base Line, valued at 23323.00, continues to be neutral. The Hull Moving Average indicates a “Buy” at 23231.70. The Volume Weighted Moving Average at 23431.64 also signals “Buy”.
Major market indicators point to a neutral sentiment. The Relative Strength Index (14) sits at 52.38, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 50.47 and 30.57 respectively, further indicating a neutral market.
The MACD Level (12, 26), at 348.90, indicates a “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) is at 18.73 with a Neutral indicator, while the Williams Percent Range (14) at −56.86 also signals “Neutral”.
As of 10:00 AM, 27th February 2023, on WazirX, the current price of Bitcoin is ₹20,30,773, with a 0.64% decrease in the last hour. There was a 1.42% decrease in its price in the last 24 hours. The 7 day BTC was down 0.60%
Ethereum (ETH) is currently trading at ₹1,41,871.3, with a 0.41% decrease in the last hour. There was a 0.48% decrease in its price in 24 hours. The 7 day ETH was down 1.34%
Some tokens performed well on WazirX including Nem (XEM), pNetwork (PNT) and Cortex (CTXC) with price increases of 36.35%, 11.11%, and 8.77%% respectively.
However, some tokens such as Tellor (TRB), Elrond Gold (EGLD), and Fantom (FTM) underperformed with price decreases of 4.58%, 4.47%, and 4.3% respectively.
Shiba Inu (SHIB) saw a price decrease of 1.6% and is now priced at ₹0.001102. Dogecoin saw an increase of 0.96% and is now priced at ₹7.26
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