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BTC, ETH prices remain stable with minimal changes

By February 28, 20232 minute read

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

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.
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