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BTC Remains Stable; SHIB And DOGE Prices Are Down

By May 16, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $27,130.07, with an almost 0.39% increase in the last hour. There was a decrease of 0.29% in its price in the last 24 hours. The 7-day Bitcoin was down by 2.05%.

Ethereum (ETH) is currently trading at $1,812.40, with an almost 0.33% increase in the last hour. There has been a 0.85% decrease in its price in the last 24 hours. The 7-day ETH has been down by 1.78%.

The Exponential Moving Average for 10-days and 200-days indicate a “Sell” and a “Buy” at 27391 and 24817, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicates a “Sell” and “Buy” at 27323 and 22427, respectively. Both moving averages show a mixture of “Sell” and “Buy” sentiments.

The Ichimoku Base Line, valued at 27911, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 26897. The Volume Weighted Moving Average at 28174 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 41, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 31 and 22, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -427 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 17 with a “Neutral” indicator, while the Williams Percent Range (14) at −68 signals “Neutral.”

As of 09:00 AM, 16th May 2023, on WazirX, Bitcoin’s current price is ₹23,47,001, with an almost 0.31% decrease in the last hour. There was a 0.64% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 0.17%.

Ethereum (ETH) is trading at ₹1,57,267.5, with a decrease of 0.45% in the last hour. There was an increase of 0.09% in the last 24 hours. The 7-day ETH is up by 0.17%.

The top gainers on WazirX include Iotx (IOTX), Quant (QNT), and Basic Attention Token (BAT), with a price increase of 10.43%, 8.84%, and 8.49%, respectively.

However, the tokens that underperformed comprised Injective Protocol (INJ), Gifto (GFT), and FTX Token (FTT), with a price decrease of 10.17%, 5.76%, and 5.68%, respectively.

Shiba Inu (SHIB) saw a price decrease of 1.15% and is now priced at ₹0.000772. Dogecoin (DOGE) saw a decrease of 1.82% and is now priced at ₹6.2537.

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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