Yesterday’s Movers and Shakers
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 50.7%. Rounding out the top four currencies for the day were Zilliqa, HyperCash, and Enigma, which provided holders with returns of 17.97%, 17.25%, and 15.47% for the day. These moves were notable not only for their magnitude relative to other coins, but also because they were large and surprising relative to the volatility of each of these currencies over the past two weeks.
The Crypto Big Picture
In the past day, the average percent change in price for the coins in our index was a move up 4.8238%. Drilling down, we see that 129 coins we’re tracking were up while 4 coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 20 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.
Key Price Technicals in the Crypto Market
Those 20 coins are: Status, FunFair, Ethereum Classic, Everex, YOYO, XRP, Genesis Vision, Blox, Quantstamp, Zcoin, Lisk, Decentraland, NavCoin, AppCoins, Bluzelle, Nucleus Vision, WePower, QuarkChain, Nexus, Ardor. 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?
Article by SixJupiter