The Big Winners From Yesterday

Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was BQX, which gave its holders a 22.26% day-over-day return. Other notable currencies were Tael, ICON, and Metal, which experienced daily returns of 12.11%, 10.94%, and 9.24% 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.

Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

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 up 1.5186%. Specifically, 89 coins in our index were up while 44 were down. The chart below shows the average daily change for all the coins in our index over time. 16 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.

Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Currencies With Significant Price Moves

Here’s a list of the specific coins that crossed their key moving average level: ICON, Storm, Waves, Monero, Moeda Loyalty Points, Crypto.com, QuarkChain, BQX, OmiseGO, Decentraland, Gifto, TRON, AdEx, PIVX, Golem, NEM. Also of note is that NA of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. 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?

READ  OST, Pundi X, Nucleus Vision and IOTA Fare the Best in Crypto; Coins in Total Down 2.42% Overall, 4 Coins Cross Key Moving Average

Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Article by SixJupiter

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