In a resurgence for the crypto market following a short correction, both Bitcoin and Ethereum have witnessed gains of 4.84% and 2.92%, respectively, in the last 24 hours. The rally is potentially fueled by Galaxy Digital’s commitment to revive collapsed crypto projects, including FTX.
The Exponential Moving Average for 10-day EMA indicates “Sell” at 42357 and 200-day EMA indicates “Buy” at 32183. The Simple Moving Average for 10-day SMA indicates “Sell” at 42365 and 200-day SMA indicates “Buy” at 30933.
The Ichimoku Base Line, valued at 40728, continues to be neutral. The Hull Moving Average indicates “Sell” at 42281. The Volume Weighted Moving Average indicates “Sell” at 42099.
The Relative Strength Index (14) sits at 61, indicating “Neutral”. The Stochastic %K (14, 3, 3) at 49 and the Average Directional Index (14) at 36 indicate a Neutral outlook.
The MACD Level (12, 26), at 1214, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) at 16 indicates ‘Neutral’ and William’s Percentage at -36 indicates ‘Neutral’.
As of 10:00 AM, 19th December 2023, on WazirX, Bitcoin’s price is ₹37,70,623, with a 0.74% decrease in the last 24 hours. There was a 2.88% increase in its price over the last 7 days.
Ethereum (ETH) is trading at ₹1,97,000. There was an increase of 1.23% in the last 24 hours. There was a 3.92% increase in its price over the last 7 days.
The top gainers on WazirX include Streamr(DATA), Auction(AUCTION), Injective Protocol(INJ) with price increases of 46.18%, 34.33%, and 22.63%, respectively.
However, the tokens that underperformed comprised Ethereum Name Service(ENS), Viction(VIC), and DeXe(DEXE), with a price decrease of 11.35%, 11.07%, and 9.08%, respectively.
Shiba Inu (SHIB) saw a price increase of 2.77% and is now priced at ₹0.000928. Dogecoin (DOGE) saw a decrease of 1.42% and is now priced at ₹8.25.
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.
