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Prices Of Key Tokens Decreased As The Market Indicates A “Sell” Sentiment

By August 7, 20232 minute read

The current price of Bitcoin (BTC) is $29,126.00, with an almost 0.01% increase in the last hour. There was a decrease of 0.64% in its price in the last 24 hours. The 7-day Bitcoin was down by 1.40%.

Ethereum (ETH) is currently trading at $1,840.53, with an almost 0.06% increase in the last hour. There has been a 0.28% increase in its price in the last 24 hours. The 7-day ETH has been down by 1.56%.

The Exponential Moving Average for 10-days and 200-days indicate strong “Sell” and “Buy” sentiments at 29208 and 27109, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicate “Sell” and “Buy” at 29218 and 26969, respectively. Simple moving averages show a strong combination of “Sell” and “Buy” sentiments.

The Ichimoku Base Line, valued at 30196, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 28983. The Volume Weighted Moving Average at 29413 showed a “Sell” signal.

Major market oscillators point toward a “Sell” 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 31 and 14, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -190 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 6 with a “Buy” indicator, while the Williams Percent Range (14) at −63 signals “Neutral.”

As of 09:00 AM, 07th August 2023, on WazirX, Bitcoin’s current price is ₹24,91,101, with an almost 0.02% increase in the last hour. There was a 0.02% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 0.01%.

Ethereum (ETH) is trading at ₹1,58,325, with an increase of 0.59% in the last hour. There was a decrease of 0.17% in the last 24 hours. The 7-day ETH is up by 0.82%.

The top gainers on WazirX include 0x Protocol (ZRX), Bakery Token (BAKE), and Orchid (OXT), with price increases of 12.64%, 9.56%, and 8.36%, respectively.

However, the tokens that underperformed comprised Bitgert (BRISE), Axie Infinity (AXS), and Dash (DASH), with a price decrease of 11.19%, 7.5%, and 7.15%, respectively.

Shiba Inu (SHIB) saw a price decrease of 3.32% and is now priced at ₹0.000815. Dogecoin (DOGE) saw a decrease of 2.13% and is now priced at ₹6.3712.

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