Institutional investors continue to be bullish about Crypto despite strict market regulations. DeFi has witnessed a lot of user interest and Crypto as an asset continues to be an important part of portfolios for larger investors.
BTC’s price halted just around $28000 while Ethereum’s market cap drop created a ripple effect for liquid staking tokens which also lost value over the last 24 hours.
The Exponential Moving Average for 10-day EMA and 200-day EMA indicates “Buy” at 28099 and 23209 respectively. The Simple Moving Average for 10-day and 200-day SMA indicates a “Buy” at 28147 and 20779.
The Ichimoku Base Line, valued at 26805, continues to be neutral. The Hull Moving Average indicates “Buy” at 28188. The Volume Weighted Moving Average indicates “Buy” at 27856
Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 61, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) indicate a Neutral outlook as well at 63 and 34 respectively.
The MACD Level (12, 26), at 750, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) and the Williams Percent Range (14) continue to be “Neutral”at 34 and −33 respectively.
As of 10:00 AM, 10th April 2023 on WazirX, Bitcoin’s price is ₹24,65,899, with almost 0.40% increase in the last hour. There was a 0.20% increase in its price in the last 24 hours.
Ethereum (ETH) is trading at ₹1,62,800, with an increase of 0.12% in the last 24 hours.
The top gainers on WazirX include Venus (XVS), NKN (NKN), and Dodo (DODO), with a price increase of 38.38%, 14.28%, and 6.92%, respectively.
However, the tokens that underperformed comprised Celo (CELO), Kyber Network Crystal v2 (KNC), and Nervos Network (CKB), with a price decrease of 8.8%, 7.01%, and 5.56%, respectively.
Shiba Inu (SHIB) saw a price increase of 0.74% and is now priced at ₹0.000952. Dogecoin (DOGE) saw a decrease of 0.43% and is now priced at ₹7.2710.
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.
