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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.

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.
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