Crypto market continues sideways movement as consolidation seems to be the flavor of the week. Prices continue to decline similar to the stock market amidst speculations of volatility.

However, the 180 day price swing does indicate bullish sentiments for the token. As of now market indicators point to a ‘sell’ sentiment. 

The Exponential Moving Average for 10-day EMA indicates “Sell” at 29336 and 200-day EMA indicates “Buy” at 27051. The Simple Moving Average for 10-day SMA indicates “Sell” at 29295 and 200-day SMA indicates “Buy” at 26848. 

The Ichimoku Base Line, valued at 30196, continues to be neutral. The Hull Moving Average indicates “Sell” at 29225. The Volume Weighted Moving Average indicates “Sell” at 29559.

Major market oscillators point to a “Neutral” sentiment. The Relative Strength Index (14) sits at 44, with a neutral outlook. The Stochastic %K (14, 3, 3) at 33 and the Average Directional Index (14) at 15 indicate a Neutral outlook. 

The MACD Level (12, 26), at -164, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 16 and William’s Percentage too indicates a “Neutral” sentiment at -68.

As of 10:00 AM, 4th August 2023, on WazirX, Bitcoin’s price is ₹25,01,189. There was a 1.14% decrease in its price in the last 24 hours. The 7 day Bitcoin is down by 2.20%

Ethereum (ETH) is trading at ₹1,57,100. There was an 0.52% decrease in the last 24 hours. The 7 day Ethereum is down by 2.24%

The top gainers on WazirX include MOBOX (MBOX), VITE (VITE) and Zcash (ZEC) with a price increase of 16.43%, 6.78%, and 6.73%, respectively.

However, the tokens that underperformed comprised Alpaca Finance (ALPACA), dYdX (DYDX), and Band Protocol (BAND), with a price decrease of 11.19%, 10.38%, and 9.81%, respectively.

Shiba Inu (SHIB) saw an increase of 1.97% and is now priced at ₹0.000726. Dogecoin (DOGE) saw a decrease of 0.58% and is now priced at ₹6.32.

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