Top Performers and Notable Moves

Since yesterday, the coin that fared the best out of the 134 coins in our index was iExec RLC, whose price is up 12.42%. The next three best performing currencies were Binance Coin, THETA, and Waltonchain, which gave holders daily returns of 7.84%, 7.32%, and 2.64%. These moves were notable not only for their magnitude relative to other coins, but also because they were large and surprising relative to the volatility of each of these currencies over the past two weeks.

Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

A Macro View of the Crypto Market

Since yesterday, the average change in the price of coins in our index was a move down -3.0716%. Drilling down, we see that 15 coins we’re tracking were up while 119 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 34 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.

Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Key Price Technicals in the Crypto Market

Those 34 coins are: Insolar, Status, Stratis, Enigma, THETA, Qtum, Augur, Syscoin, Loom Network, Holo, Verge, NA, Nebulas, Groestlcoin, Skycoin, Bitcoin Diamond, Waltonchain, 0x, AppCoins, Basic Attention Token, Loopring, Quantstamp, Wanchain, Binance Coin, VIBE, NEO, HyperCash, ICON, district0x, CyberMiles, Storj, Red Pulse Phoenix, NEM, Civic. Also of note is that 106 of the 134 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. 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?

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Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Article by SixJupiter

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