The Big Winners From Yesterday
Since yesterday, the coin that fared the best out of the 134 coins in our index was Quantstamp, whose price is up 22.7%. Rounding out the top four currencies for the day were SONM, Aion, and Siacoin, which provided holders with returns of 21.91%, 21.91%, and 18.9% for the day. The moves in all these coins were a bit surprising, in that they were well outside of the trading range normally associated with each of the currencies in question.
The Crypto Big Picture
In the past day, the average percent change in price for the coins in our index was a move up 8.1121%. On a more granular level, 98% of the coins we’re tracking were up while 2% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. Since yesterday, 54 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in.
Currencies With Significant Price Moves
Here’s a list of the specific coins that crossed their key moving average level: Qtum, Status, district0x, Crypto.com, Loopring, OmiseGO, 0x, Stratis, FunFair, SONM, NEO, NA, Verge, Ethereum Classic, Enigma, Zcash, Dash, Everex, Ark, XRP, Enjin Coin, Storj, Basic Attention Token, Quantstamp, BitShares, Zcoin, Bitcoin Diamond, Cardano, CyberMiles, Stellar, ICON, aelf, Aion, Eidoo, AppCoins, VIBE, Nano, Nucleus Vision, NEM, QLC Chain, Syscoin, Groestlcoin, Loom Network, Augur, Skycoin, Civic, SingularityNET, Siacoin, Pundi X, Nebulas, Holo, VeChain, Red Pulse Phoenix, HyperCash. Likewise, volatility has continued to trend lower and contract for 106 of the 134 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. Going further, below is a chart showing 4 currencies with contracting volatility that are trading below their 20 day moving average. Is this a technical sign the sellers are exhausted and the market for these coins is ready for a rally?
Article by SixJupiter