Yesterday’s Movers and Shakers
Over the past day, the top performing coin out of the 133 coins we are tracking was Bitcoin Diamond, which offered a day-over-day return 52.53%. Rounding out the top four currencies for the day were Bitcoin Gold, Waltonchain, and THETA, which provided holders with returns of 25.43%, 20.7%, and 18.28% 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.
The Crypto Big Picture
Since yesterday, the average change in the price of coins in our index was a move up 5.5105%. Drilling down, we see that 115 coins we’re tracking were up while 18 coins were down. The chart below shows the average daily change for all the coins in our index over time. Since yesterday, 5 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in.
Key Price Technicals in the Crypto Market
The coins that crossed their moving average are: DigixDAO, Populous, Tael, Aion, Nano. Likewise, volatility has continued to trend lower and contract for 54 of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. The chart below drills down a bit more, featuring 2 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom?
Article by SixJupiter