Top Performers and Notable Moves
Since yesterday, the coin that fared the best out of the 133 coins in our index was Basic Attention Token, whose price is up 16.13%. The next three best performing currencies were Syscoin, Ripio Credit Network, and Ardor, which gave holders daily returns of 14.12%, 11.07%, and 10.94%. 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.
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 2.1929%. Drilling down, we see that 111 coins we’re tracking were up while 22 coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 11 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 11 coins are: EOS, Syscoin, Ripio Credit Network, Populous, Raiden Network Token, Ontology, IOST, Ardor, BQX, iExec RLC, Basic Attention Token. Also of note is that 57 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. Below is a chart that zooms in a bit more, showing 4 coins trading below their 20 day moving average and exhibiting contracting volatility. Are these coins ready for a rally?
Article by SixJupiter