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Market indicators point to a largely neutral sentiment, BTC and ETH prices see minimal change

By February 14, 20232 minute read

As of today, several market indicators pointed to a neutral sentiment. The Relative Strength Index (14) sits at 46.91, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are both at 13.03 and 34.72 respectively, further signaling a neutral market.

The MACD Level (12, 26) is at 204.88, pointing to a sell. On the other hand, the Stochastic RSI Fast (3, 3, 14, 14) is at 5.28,  and The Williams Percent Range (14) is at -87.23, further signaling a neutral market. 

The Exponential Moving Average for the 10-day EMA and the 200-day EMA indicate a “Sell” and “Buy” signal with 22157.08  and 21391.97 values respectively.  The Simple Moving Average for the 10-day EMA and the 200-day EMA also indicate mixed signals with “Sell” and “Buy” indicators with 22251 and 19700.46 values respectively.

Meanwhile, the Ichimoku Base Line valued at 22563.50 is neutral, and the Hull Moving Average 21539.43 indicates a “Buy” signal. On the other hand, the Volume Weighted Moving Average at 22861.86 signals a “Sell”.

As of 10:00 AM, 14th February 2023, on WazirX, Bitcoin, the largest crypto by market capitalization, is priced at ₹18,57,073, a decrease of 0.64% in the last hour. Over the last 24 hours, the crypto has seen a decrease of 1.32%. Over the past 7 days, BTC has been down 0.84%.

Ethereum (ETH) is currently trading at ₹1,27,353.4. Over the past hour, ETH has seen a growth of 0%. Over the past 24 hours, the crypto is down by 1.99% and over the past 7 days, ETH has been down by 3.37%.

Some tokens performed well on WazirX including Gifto (GFT), Maker (MKR), and Ziliqa (ZIL) with price increases of 56.58%, 9.16%, and 6.69% respectively. 

However, some tokens such as Dusk Network (DUSK), Siacoin (SC), and Axie Infinity (AXS) underperformed with price decreases of 10.82%, 9.08%, and 8.35% respectively.

Shiba Inu (SHIB) saw a price decrease of 2.15% and is now priced at ₹ 0.001091. Dogecoin also saw a decrease of 0.27% and is now priced at ₹7.16

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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