Bitcoin’s market depth continues to be an area of concern even though its price holds strong at $30k.
However, with this correction phase predicted to settle by the end of the year, it could see trading volumes picking up.
The Exponential Moving Average for 10-day EMA indicates “Buy” at 29234 and 200-day EMA indicates “Buy” at 25661. The Simple Moving Average for 10-day SMA indicates “Buy” at 28984 and 200-day SMA indicates “Buy” at 24384.
The Ichimoku Base Line, valued at 28107, continues to be neutral. The Hull Moving Average indicates “Sell” at 31111. The Volume Weighted Moving Average indicates “Buy” at 27786.
Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 68, with a neutral outlook. The Stochastic %K (14, 3, 3) at 84 and the Average Directional Index (14) at 33 indicate a Neutral outlook.
The MACD Level (12, 26), at 948, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 92 and William’s Percentage indicates a “Sell” sentiment at -19.
As of 10:00 AM, 26th June 2023, on WazirX, Bitcoin’s price is ₹26,10,001, with 0.77% decrease in the last hour. There was a 0.04% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 0.04%.
Ethereum (ETH) is trading at ₹1,60,105. There was a decrease of 0.12% in the last 1 hour. There was an 0.50% increase in the last 24 hours. In the past 7 days, Ethereum was up by 0.70%.
The top gainers on WazirX include Tellor (TRB), Orchid (OXT), and ApeCoin (APE), with a price increase of 18.71%, 11.41%, and 10.45%, respectively.
However, the tokens that underperformed comprised Kyber Network Crystal (KNC), Celo (CELO), and Compound (COMP), with a price decrease of 15.32%, 15.24%, and 15.18%, respectively.
Shiba Inu (SHIB) saw a price decrease of 3.18% and is now priced at ₹0.000669. Dogecoin (DOGE) saw a decrease of 1.46% and is now priced at ₹5.70.
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.
