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Prices Of Key Tokens Are Rallying & Market Indicators Show A “Buy” Sentiment

By October 23, 20232 minute read

The current price of Bitcoin (BTC) is $30,337.62, with an almost 0.47% increase in the last hour. There was an increase of 1.60% in its price in the last 24 hours. The 7-day Bitcoin was up by 11.67%.

Ethereum (ETH) is currently trading at $1,680.00, with an almost 0.43% increase in the last hour. There has been a 3.39% increase in its price in the last 24 hours. The 7-day ETH has been up by 7.63%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 29084 and 27190, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Buy” at 28797 and 28060, respectively. Exponential and Simple Moving Averages show a “Buy” sentiment.

The Ichimoku Base Line, valued at 28474, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 30507. The Volume Weighted Moving Average at 28196 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 76, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 91 and 37, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 758 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 100 with a “Neutral” indicator, while the Williams Percent Range (14) at −7 signals “Neutral.”

As of 09:15 AM, 23rd October 2023, on WazirX, Bitcoin’s current price is ₹26,20,684, with an almost 1.81% increase in the last hour. There was a 2.02% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 12.43%.

Ethereum (ETH) is trading at ₹1,46,489, with an increase of 3.3% in the last hour. There was an increase of 2.20% in the last 24 hours. The 7-day ETH is up by 8.51%.

The top gainers on WazirX include Bitcoin Cash (BCH), Chainlink (LINK), and Fantom (FTM), with price increases of 28.4%, 14.76%, and 14.6%, respectively.

However, the tokens that underperformed comprised Decred (DCR), Ardor (ARDR), and Bob (BOB), with a price decrease of 13.42%, 13.18%, and 8.81%, respectively.

Shiba Inu (SHIB) saw a price increase of 2.12% and is now priced at ₹0.000625. Dogecoin (DOGE) saw an increase of 2.38% and is now priced at ₹5.4192.

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