Top Performers and Notable Moves

Over the past day, the top performing coin out of the 133 coins we are tracking was Blox, which offered a day-over-day return 28.43%. Other notable currencies were Eidoo, SingularityNET, and SONM, which experienced daily returns of 12.77%, 10.46%, and 10.35% respectively. 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.

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A Macro View of the Crypto Market

In the past day, the average percent change in price for the coins in our index was a move down -0.7104%. Drilling down, we see that 48 coins we’re tracking were up while 85 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 14 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.

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Key Price Technicals in the Crypto Market

Those 14 coins are: SONM, IOTA, Dash, NULS, Blox, Bitcoin Diamond, Populous, Aeternity, NEM, Groestlcoin, Augur, Nexus, Siacoin, Ardor. Volatility traders may also wish to note that 110 of the 133 we are monitoring have had their volatility contract over the past two weeks. Contracting volatility often leads to a big move in price, so this may be something to monitor. 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?

READ  VeChain, HyperCash, Blox and Nucleus Vision Fare the Best in Crypto; Coins in Total Up 0.83% Overall, 8 Coins Cross Key Moving Average

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Article by SixJupiter

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