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SHIB And DOGE Saw A Dip In The Price

By May 30, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $27,847.91, with an almost 0.34% increase in the last hour. There was a decrease of 0.88% in its price in the last 24 hours. The 7-day Bitcoin was up by 1.78%.

Ethereum (ETH) is currently trading at $1,900.06, with an almost 0.21% increase in the last hour. There has been a 0.40% decrease in its price in the last 24 hours. The 7-day ETH has been up by 1.86%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” at 27312 and 25113, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA both indicate a “Buy” at 27089 and 22944, respectively. Both the moving averages show strong “Buy” sentiments.

The Ichimoku Base Line, valued at 27826, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 28012. The Volume Weighted Moving Average at 26998 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 54, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 81 and 23, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -130 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 90 with a “Neutral” indicator, while the Williams Percent Range (14) at −24 signals “Neutral.”

As of 09:30 AM, 30th May 2023, on WazirX, Bitcoin’s current price is ₹24,48,600, with an almost 0.23% increase in the last hour. There was a 0.73% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 1.34%.

Ethereum (ETH) is trading at ₹1,66,550, with a decrease of 0.37% in the last hour. There was an increase of 0.24% in the last 24 hours. The 7-day ETH is up by 3.45%.

The top gainers on WazirX include Cream Finance (CREAM), IDEX (IDEX), and Biconomy (BICO), with price increases of 15.2%, 12.94%, and 7.27%, respectively.

However, the tokens that underperformed comprised Zcash (ZEC), OriginToken (OGN), and dYdX (DYDX), with a price decrease of 7.32%, 6.05%, and 5.76%, respectively.

Shiba Inu (SHIB) saw a price decrease of 0.51% and is now priced at ₹0.000767. Dogecoin (DOGE) saw a decrease of 0.22% and is now priced at ₹6.4000.

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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