Market Indicators Continue To Show A “Buy” Sentiment, SHIB Prices Are Down

By March 21, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $28,016.89, with an almost 0.03% increase in the last hour. There was an increase of 1.77% in its price in the last 24 hours. The 7-day Bitcoin was up by 15.93%.

Ethereum (ETH) is currently trading at $1780.53, with an almost 0.42% decrease in the last hour. There has been a 0.87% decrease in its price in the last 24 hours. The 7-day ETH has been up by 4.82%.

The Exponential Moving Average for 10-days and 200-days indicates “Buy” at 26099.83 and 22148.51, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicates a “Buy” at 25875.00 and 19980.69, respectively. Both moving averages strongly show “Buy” markets.

The Ichimoku Base Line, valued at 24068.50, remains neutral, whereas the Hull Moving Average indicates a “Sell” signal at 28662.47. The Volume Weighted Moving Average at 23992.35 showed a “Buy” signal.

Major market indicators point towards a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 70.55, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 93.08 and 34.30, respectively, further indicating a neutral market.

The MACD Level (12, 26), at 1288.91, indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 96.73 with a “Neutral” indicator, while the Williams Percent Range (14) at −7.61 signals “Neutral.” 

As of 08:30 AM, 21st March 2023, on WazirX, Bitcoin’s current price is ₹24,29,999, with an almost 3.35% increase in the last hour. There was a 1.90% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 2.10%.

Ethereum (ETH) is trading at ₹1,52,700, with an increase of 0.71% in the last hour. There was an increase of 0.99% in the last 24 hours. The 7-day ETH is up by 0.20%.

The top gainers on WazirX include Nervos Network (CKB), HiFi Finance (HIFI), and iExecRLC (RLC), with a price increase of 11.58%, 7%, and 6.47%, respectively.

However, the tokens that underperformed comprised Dusk Network (DUSK), OmiseGO (OMG), and MyNeighborAlice (ALICE), with a price decrease of 14.68%, 12.24%, and 10.11%, respectively.

Shiba Inu (SHIB) saw a price decrease of 0.95% and is now priced at ₹0.000929. Dogecoin (DOGE) saw an increase of 0.82% and is now priced at ₹6.3600.

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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