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.

Interested in trading these currencies? Some brokers to try: 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 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.

Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

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?

READ  iExec RLC, YOYO, Neblio and Skycoin Fare the Best in Crypto; Coins in Aggregate Down 6.78% Overall, NA Coins Have Contracting Volatility

Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Article by SixJupiter

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