The Big Winners From Yesterday
Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was AirSwap, which gave its holders a 26.58% day-over-day return. Rounding out the top four currencies for the day were EOS, Eidoo, and Ripio Credit Network, which provided holders with returns of 15.46%, 14.69%, and 11.49% 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 up 3.2026%. On a more granular level, 81% of the coins we’re tracking were up while 19% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 1 coins have crossed their 20 day moving average over the past 24 hours; these currencies may be of interest to traders interested in strategies involving trading around the 20 day moving average.
Currencies With Significant Price Moves
The coins that crossed their moving average are: Aion. Also of note is that 23 of the 133 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 2 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