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SHIB Decreases, DOGE Increases; Market Indicators Remain “Neutral”

By May 18, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $27,378.10, with an almost 0.01% decrease in the last hour. There was an increase of 0.91% in its price in the last 24 hours. The 7-day Bitcoin was down by 0.39%.

Ethereum (ETH) is currently trading at $1,826.33, with an almost 0.26% increase in the last hour. There has been a 0.08% increase in its price in the last 24 hours. The 7-day ETH has been down by 0.12%.

The Exponential Moving Average for 10-days and 200-days indicate a “Sell” and a “Buy” at 27381 and 24868, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA both indicate a “Buy” at 27179 and 22493, 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 27319. The Volume Weighted Moving Average at 27883 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 45, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 36 and 23, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -385 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 31 with a “Neutral” indicator, while the Williams Percent Range (14) at −61 signals “Neutral.”

As of 09:00 AM, 18th May 2023, on WazirX, Bitcoin’s current price is ₹23,52,502, with an almost 0.61% increase in the last hour. There was a 0.61% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 0.06%.

Ethereum (ETH) is trading at ₹1,57,202.5, with a decrease of 0.42% in the last hour. There was a decrease of 0.43% in the last 24 hours. The 7-day ETH is up by 0.13%.

The top gainers on WazirX include Injective Protocol (INJ), Cartesi (CTSI), and Neo (NEO), with a price increase of 12.62%, 11.42%, and 8.42%, respectively.

However, the tokens that underperformed comprised Zcash (ZEC), Pepe (PEPE), and Icon (ICX), with a price decrease of 6.67%, 6.27%, and 5.75%, respectively.

Shiba Inu (SHIB) saw a price decrease of 1.16% and is now priced at ₹0.000763. Dogecoin (DOGE) saw an increase of 0.02% and is now priced at ₹6.4018.

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