Skip to main content

Market sentiment in Crypto continues to be positive amidst declining prices

By May 9, 20232 minute read

Conversational AI is among the emerging technologies which is gaining popularity among users. Institutional investment in Crypto continues to increase amidst positive market sentiment, despite price decline of key tokens.

PEPE coin price declines after a massive surge over the previous week. XRP price continues to fall amidst market uncertainty and skepticism of investors about its future. 

The Exponential Moving Average for 10-day EMA indicates “Sell” at 28454 and 200-day EMA indicates “Buy” at 24655. The Simple Moving Average for 10-day SMA indicates “Sell” at 28614 and 200-day SMA indicates “Buy” at 22179. 

The Ichimoku Base Line, valued at 29008, continues to be neutral. The Hull Moving Average indicates “Sell” at 27905. The Volume Weighted Moving Average indicates “Sell” at 28517.

Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 43, with a neutral outlook. The Stochastic %K (14, 3, 3) at 27 and the Average Directional Index (14) at 17 indicate a Neutral outlook as well.

The MACD Level (12, 26), at −45, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 11 and William’s Percentage is “Neutral” at −86 as well.

As of 10:00 AM, 9th May 2023 on WazirX, Bitcoin’s price is ₹24,36,000, with a 2.32% decrease in the last 24 hours. The 7 day BTC was down 3.33%.

Ethereum (ETH) is trading at ₹1,64,899, with a increase of 1.46% in the last 24 hours. There was a 1.84% decrease in the last 7 days.

The top gainers on WazirX include Icon (ICX), Ontology (ONT), and Kusama (KSM), with a price increase of 7.68%, 5.02%, and 3.51%, respectively.

However, the tokens that underperformed comprised Cortex (CTXC), IDEX (IDEX), and Venus (XVS), with a price decrease of 16.22%, 14.07%, and 12.7%, respectively.

Shiba Inu (SHIB) saw a price decrease of 1.61% and is now priced at ₹0.000790. Dogecoin (DOGE) saw a decrease of 3.77% and is now priced at ₹6.4.

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.
Participate in the Indian Crypto Movement. Share:

Leave a Reply

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.