Top Performers and Notable Moves

Over the past day, the top performing coin out of the 133 coins we are tracking was Ardor, which offered a day-over-day return 24.92%. The next three best performing currencies were BlockMason Credit Protocol, Zcoin, and Eidoo, which gave holders daily returns of 17.83%, 17.55%, and 12.82%. 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.

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Was the Crypto Market as a Whole Up or Down?

Since yesterday, the average change in the price of coins in our index was a move up 2.5384%. On a more granular level, 79% of the coins we’re tracking were up while 21% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 27 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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Currencies With Significant Price Moves

The coins that crossed their moving average are: Bluzelle, Dent, POA Network, Ripio Credit Network, NEM, AdEx, Golem, Horizen, Moeda Loyalty Points, Power Ledger, SONM, Nucleus Vision, Aeternity, Loom Network, BitShares, NavCoin, Cindicator, Quantstamp, Komodo, TRON, Civic, Basic Attention Token, Crypto.com, Lisk, OmiseGO, Bancor, Genesis Vision. Likewise, volatility has continued to trend lower and contract for NA of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. 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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Article by SixJupiter

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