Skip to main content

The Overall Market Indicators Showed Neutral Sentiment; Bitcoin Remains Near $29k

By July 26, 20232 minute read

The current price of Bitcoin (BTC) is $29,331.96, with an almost 0.31% increase in the last hour. There was an increase of 0.35% in its price in the last 24 hours. The 7-day Bitcoin was down by 2.47%.

Ethereum (ETH) is currently trading at $1,863.08, with an almost 0.22% increase in the last hour. There has been a 0.53% increase in its price in the last 24 hours. The 7-day ETH has been down by 2.56%.

The Exponential Moving Average for 10-days and 200-days indicate strong “Sell” and “Buy” sentiments at 29677 and 26839, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicate “Sell” and “Buy” at 29717 and 26387, respectively. Simple moving averages show a strong combination of “Sell” and “Buy” sentiments.

The Ichimoku Base Line, valued at 30330, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 29198. The Volume Weighted Moving Average at 30177 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 43, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 13 and 24, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -54 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 2 with a “Neutral” indicator, while the Williams Percent Range (14) at −87 signals “Neutral.”

As of 09:15 AM, 26th July 2023, on WazirX, Bitcoin’s current price is ₹25,61,722, with an almost 0.77% increase in the last hour. There was a 0.17% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 1.68%.

Ethereum (ETH) is trading at ₹1,62,100, with an increase of 0.37% in the last hour. There was a decrease of 0.52% in the last 24 hours. The 7-day ETH is down by 0.28%.

The top gainers on WazirX include Worldcoin (WLD), Amp (AMP), and Theta Fuel (TFUEL), with price increases of 37.06%, 22.84%, and 15.08%, respectively.

However, the tokens that underperformed comprised OriginToken (OGN), Combo (COMBO), and Hedera Hashgraph (HBAR), with a price decrease of 9.53%, 9.39%, and 8.77%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.73% and is now priced at ₹0.000685. Dogecoin (DOGE) saw an increase of 3.85% and is now priced at ₹6.8130.

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.
Participate in the Indian Crypto Movement. Share:

Leave a Reply

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.