There’s a downtrend in the prices of major crypto assets this week. Bitcoin, in particular, has experienced a notable decrease of approximately 2.50% since the beginning of the week, leaving market participants in a state of uncertainty.
The Exponential Moving Average for 10-day EMA indicates “Sell” at 27320 and 200-day EMA indicates “Buy” at 27020. The Simple Moving Average for 10-day SMA indicates “Sell” at 27522 and 200-day SMA indicates “Sell” at 28027.
The Ichimoku Base Line, valued at 27285, continues to be neutral. The Hull Moving Average indicates “Sell” at 26960. The Volume Weighted Moving Average indicates “Sell” at 27183.
The Relative Strength Index (14) sits at 46, with a neutral outlook. The Stochastic %K (14, 3, 3) at 31 and the Average Directional Index (14) at 22 indicate a Neutral outlook.
The MACD Level (12, 26), at 175, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 9 and William’s Percentage is “Neutral” at -83.
As of 10:00 AM, 12th October 2023, on WazirX, Bitcoin’s current price is ₹23,39,846. There was a 1.19% increase in its price in the last 24 hours. In the past 7 days, Bitcoin is down by 1.69%.
Ethereum (ETH) is trading at ₹1,35,000, with a decrease of 1.40% in the last 24 hours. The 7-day ETH is down by 2.81%.
The top gainers on WazirX include Alpaca Finance (ALPACA), Perpetual Protocol (PERP), Loom Network (LOOM) and with price increases of 9.78%, 9.74%, and 9.57%, respectively.
However, the tokens that underperformed comprised Icon (ICX), Standard Tokenization Protocol (STPT), and Ontology (ONT), with a price decrease of 7.51%, 6.77%, and 6.50%, respectively.
Shiba Inu (SHIB) saw a price decrease of 1.00% and is now priced at ₹0.000594. Dogecoin (DOGE) saw an increase of 0.3% and is now priced at ₹5.12.
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