Binance being sued for violation of AML laws occurring in the aftermath of regulatory actions against Kraken Exchange and the FTX trial, has introduced an air of uncertainty into the ecosystem, which had been displaying some much-needed optimism in recent weeks.
Despite this, the market has not taken a substantial hit in terms of token prices. Expert predictions suggest a potential upward movement in the prices of ADA and XRP. Besides, a price rally for Ethereum is being predicted widely which could take its support levels up to the much anticipated $2200.
The Exponential Moving Average for 10-day EMA indicates “Buy” at 36511 and 200-day EMA indicates “Buy” at 29429. The Simple Moving Average for 10-day SMA indicates “Buy” at 36615 and 200-day SMA indicates “Buy” at 29075.
The Ichimoku Base Line, valued at 35928, continues to be neutral. The Hull Moving Average indicates “Sell” at 36598. The Volume Weighted Moving Average indicates “Buy” at 36380.
The Relative Strength Index (14) sits at 55, indicating “Neutral”. The Stochastic %K (14, 3, 3) at 50 and the Average Directional Index (14) at 57 indicate a Neutral outlook.
The MACD Level (12, 26), at 1017, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) at 10 and William’s Percentage at -61 indicate “Neutral”.
As of 10:00 AM, 22nd November 2023, on WazirX, Bitcoin’s price is ₹32,48,245, with a 0.98% increase in the last 24 hours. There was a 0.36% decrease in its price in the last week.
Ethereum (ETH) is trading at ₹1,73,758. There was an increase of 1.15% in the last 24 hours. There was a 0.74% decrease in its price in the last week.
The top gainers on WazirX include pNetwork (PNT), Cortex (CTXC), and FTX Token (FTT), with price increases of 27.22%, 17.53%, and 8.65%, respectively.
However, the tokens that underperformed comprised Reserve Rights (RSR), Injective Protocol (INJ), and StormX (STMX), with a price decrease of 14.94%, 13.67%, and 12.18%, respectively.
Shiba Inu (SHIB) saw a price decrease of 4.8% and is now priced at ₹0.000713. Dogecoin (DOGE) saw a decrease of 4.05% and is now priced at ₹6.57.
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.
