Ethereum continued its price rally amidst speculations of mass selling of staked tokens, therefore also contributing to the price increase of liquid staking protocols. Bitcoin’s price increased as well.
Twitter’s partnership with eToro led to a positive sentiment for DOGE coin as investors speculate if it will be a currency on Twitter.
With an anticipated credit crisis looming in the US, Crypto’s potential is being reported as strong by market advisors.
The Exponential Moving Average for 10-day EMA and 200-day EMA indicates “Buy” at 29438 and 23499 respectively. The Simple Moving Average for 10-day and 200-day SMA indicates a “Buy” at 29129 and 21010.
The Ichimoku Base Line, valued at 28732, continues to be neutral. The Hull Moving Average indicates “Sell” at 30869. The Volume Weighted Moving Average indicates “Buy” at 28578
Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 71, with a neutral outlook. The Stochastic %K (14, 3, 3) indicates “Sell” at 88 and the Average Directional Index (14) indicates a Neutral outlook at 39.
The MACD Level (12, 26), at 1097, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) indicates “Sell”at 86 and William’s Percentage is “Sell” at −9 as well.
As of 10:00 AM, 14th April 2023 on WazirX, Bitcoin’s price is ₹26,29,821. There was a 0.55% increase in its price in the last 24 hours. The 7 day BTC is up 6.86%
Ethereum (ETH) is trading at ₹1,65,900, with an increase of 3.39% in the last 24 hours. The 7 day ETH is up 10.69%.
The top gainers on WazirX include DYDX (dYdX), Blur (BLUR), and Maker (MKR), with a price increase of 12.9%, 10.67%, and 9.62%, respectively.
However, the tokens that underperformed comprised FTT (FTX Token), Dash (DASH), and Solar (SXP), with a price decrease of 23.04%, 6.56%, and 5.52%, respectively.
Shiba Inu (SHIB) saw a price increase of 1.46% and is now priced at ₹0.000973. Dogecoin (DOGE) saw an increase of 3.21% and is now priced at ₹7.74.
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.
