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Higher than expected CPI rise affects Crypto market prices

By October 13, 2023October 16th, 20231 minute read

Top Crypto tokens have settled in a pattern which was observed through most of 2023, after a brief price rally last week. However, the recent news on the US Consumer Price Index (CPI) revealed an uptick of 0.4 percent in September.

The Exponential Moving Average for 10-day EMA indicates β€œSell” at 27205 and 200-day EMA indicates β€œBuy” at 27017. The Simple Moving Average for 10-day SMA indicates β€œSell” at 27445 and 200-day SMA indicates β€œSell” at 28025.

The Ichimoku Base Line, valued at 27285, continues to be neutral. The Hull Moving Average indicates β€œBuy” at 26635. The Volume Weighted Moving Average indicates β€œSell” at 27171. 

The Relative Strength Index (14) sits at 45, with a neutral outlook. The Stochastic %K (14, 3, 3) at 16 and the Average Directional Index (14) at 21 indicate a Neutral outlook. 

The MACD Level (12, 26), at 112, indicates β€œSell”. The Stochastic RSI Fast (3, 3, 14, 14) is β€œNeutral” at 1 and William’s Percentage is β€œNeutral” at -88.

The top gainers on WazirX include Loom Network (LOOM), Aave (AAVE), and Mask Network (MASK), with price increases of 25.19%, 14.05%, and 11.31%, respectively.

However, the tokens that underperformed comprised Pundi X (PUNDIX), QuickSwap (QUICK), and Gifto (GFT), with a price decrease of 9.49%, 9.3%, and 7.99%, respectively.

Shiba Inu (SHIB) saw a price dincrease of 0.33% and is now priced at β‚Ή0.000601. Dogecoin (DOGE) saw a decrease of 0.60% and is now priced at β‚Ή5.11.

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