Yesterday’s Movers and Shakers

Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was Agrello, which gave its holders a 13.29% day-over-day return. Other notable currencies were 0x, NEM, and Moeda Loyalty Points, which experienced daily returns of 12.6%, 12.24%, and 8.17% respectively. These moves were quite significant, in the sense that they were well outside of the volatility each of the respective coins had seen for the past two weeks.

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The Crypto Big Picture

In the past day, the average percent change in price for the coins in our index was a move up 1.2281%. Drilling down, we see that 83 coins we’re tracking were up while 50 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. 1 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.

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Key Price Technicals in the Crypto Market

Those 1 coins are: Bitcoin Gold. Also of note is that 29 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. The chart below drills down a bit more, featuring 4 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom?


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Article by SixJupiter

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