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Prices Of Key Tokens Increased Along With Market Indicators Showing A “Strong Buy” Sentiment

By October 20, 20232 minute read

The current price of Bitcoin (BTC) is $29,256.32, with an almost 1.51% increase in the last hour. There was an increase of 3.44% in its price in the last 24 hours. The 7-day Bitcoin was up by 8.30%.

Ethereum (ETH) is currently trading at $1,589.68, with an almost 1.02% increase in the last hour. There has been a 2.53% increase in its price in the last 24 hours. The 7-day ETH has been up by 2.87%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 28137 and 27096, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Buy” at 27769 and 28028, respectively. Exponential and Simple Moving Averages show a “Buy” sentiment.

The Ichimoku Base Line, valued at 27939, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 29137. The Volume Weighted Moving Average at 27809 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 69, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 66 and 29, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 437 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 95 with a “Neutral” indicator, while the Williams Percent Range (14) at −22 signals “Neutral.”

As of 10:15 AM, 20th October 2023, on WazirX, Bitcoin’s current price is ₹25,30,000, with an almost 2.92% increase in the last hour. There was a 2.82% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 7.54%.

Ethereum (ETH) is trading at ₹1,37,800, with an increase of 2.37% in the last hour. There was an increase of 2.38% in the last 24 hours. The 7-day ETH is down by 2.90%.

The top gainers on WazirX include Stacks (STX), StormX (STMX), and DeXe (DEXE), with price increases of 16.94%, 12.57%, and 10.57%, respectively.

However, the tokens that underperformed comprised Vite (VITE), Balancer (BAL), and AdEx Network (ADX), with a price decrease of 15.78%, 8.72%, and 8.38%, respectively.

Shiba Inu (SHIB) saw a price increase of 2.86% and is now priced at ₹0.000610. Dogecoin (DOGE) saw an increase of 0.9% and is now priced at ₹5.1499.

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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