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Market Sentiments Continue To Remain Neutral Amidst Declining Prices

By May 19, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $26,843.34, with an almost 0.19% increase in the last hour. There was a decrease of 1.85% in its price in the last 24 hours. The 7-day Bitcoin was up by 0.40%.

Ethereum (ETH) is currently trading at $1,801.76, with an almost 0.13% increase in the last hour. There has been a 1.41% decrease in its price in the last 24 hours. The 7-day ETH has been up by 1.52%.

The Exponential Moving Average for 10-days and 200-days indicate a “Sell” and a “Buy” at 27205 and 24882, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA both indicate a “Sell” and “Buy” at 27045 and 22522, respectively. The Exponential moving averages show a mixture of “Sell” and “Buy” sentiments.

The Ichimoku Base Line, valued at 27911, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 27061. The Volume Weighted Moving Average at 27797 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 40, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 30 and 23, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -439 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 24 with a “Neutral” indicator, while the Williams Percent Range (14) at −74 signals “Neutral.”

As of 09:00 AM, 19th May 2023, on WazirX, Bitcoin’s current price is ₹23,52,957, with an almost 0.01% increase in the last hour. There was a 1.24% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 0.08%.

Ethereum (ETH) is trading at ₹1,55,503.2, with a decrease of 1.08% in the last hour. There was a decrease of 1.08% in the last 24 hours. The 7-day ETH is down by 0.95%.

The top gainers on WazirX include Cocos-BCX (COCOS), iExecRLC (RLC), and Tellor (TRB), with a price increase of 15.38%, 9.48%, and 8.04%, respectively.

However, the tokens that underperformed comprised Elrond Gold (EGLD), Synthetic Network Token (SNX), and Injective Protocol (INJ), with a price decrease of 10.52%, 8.99%, and 7.93%, respectively.

Shiba Inu (SHIB) saw a price decrease of 0.65% and is now priced at ₹0.000758. Dogecoin (DOGE) saw a decrease of 0.49% and is now priced at ₹6.3700.

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