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Prices Of Key Tokens Fall; Market Indicators Show A “Sell” Sentiment

By August 21, 20232 minute read

The current price of Bitcoin (BTC) is $26,152.66, with an almost 0.01% decrease in the last hour. There was a decrease of 0.16% in its price in the last 24 hours. The 7-day Bitcoin was down by 10.88%.

Ethereum (ETH) is currently trading at $1,678.06, with an almost 0.12% decrease in the last hour. There has been a 0.47% increase in its price in the last 24 hours. The 7-day ETH has been down by 9.03%.

The Exponential Moving Average for 10-days and 200-days indicate strong “Sell” sentiment at 27295 and 27249, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicate “Sell” at 27705 and 27331, respectively. Simple moving averages show strong “Sell” sentiments.

The Ichimoku Base Line, valued at 27906, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 25320. The Volume Weighted Moving Average at 28272 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 21, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 11 and 26, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -846 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 5 with a “Neutral” indicator, while the Williams Percent Range (14) at −89 signals “Neutral.”

As of 10:00 AM, 21st August 2023, on WazirX, Bitcoin’s current price is ₹23,35,987, with an almost 0.59% decrease in the last hour. There was a 1.24% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 0.35%.

Ethereum (ETH) is trading at ₹1,48,000, with a decrease of 1.12% in the last hour. There was an increase of 0.58% in the last 24 hours. The 7-day ETH is up by 0.67%.

The top gainers on WazirX include Cream Finance (CREAM), Ethereum Naming Service (ENS), and Zcash (ZEC), with price increases of 15.3%, 10.43%, and 9.31%, respectively.

However, the tokens that underperformed comprised Cortex (CTXC), Ardor (ARDR), and Bob (BOB), with a price decrease of 10.89%, 9.15%, and 7.37%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.53% and is now priced at ₹0.000752. Dogecoin (DOGE) saw an increase of 2.22% and is now priced at ₹5.7890.

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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