The Big Winners From Yesterday
Over the past day, the top performing coin out of the 133 coins we are tracking was Aeternity, which offered a day-over-day return 16.5%. Rounding out the top four currencies for the day were Nebulas, Genesis Vision, and Populous, which provided holders with returns of 12.68%, 12.13%, and 9.43% 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.
A Macro View of the Crypto Market
Since yesterday, the average change in the price of coins in our index was a move down -1.8192%. Drilling down, we see that 26 coins we’re tracking were up while 107 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. 17 coins are especially close to their 20 day moving average, and thus may be worth watching for technical traders who view the 20 day moving average as a key support/resistance level.
Which Currencies Had Major Price Moves?
Those 17 coins are: Basic Attention Token, Power Ledger, Kyber Network, Horizen, Augur, Waves, Civic, Aeron, Nano, WePower, Dock, Storj, NavCoin, OAX, Viberate, Everex, Loopring. Volatility traders may also wish to note that NA of the 133 we are monitoring have had their volatility contract over the past two weeks. Contracting volatility often leads to a big move in price, so this may be something to monitor. Below is a chart that zooms in a bit more, showing 4 coins trading below their 20 day moving average and exhibiting contracting volatility. Are these coins ready for a rally?
Article by SixJupiter