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Chainlink Soars 16.25%, Ripple Up Over 10% As Crypto Market Overall Rallies 2.96%

The Big Winners From Yesterday Over the past day, the top performing coin out of the 134 coins we are tracking was Chainlink, which offered a day-over-day return 16.25%. Other notable currencies were CyberMiles, THETA, and Kyber Network, which experienced daily returns of 13.6%, 12.4%, and 12.16% respectively. 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.

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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 2.9669%. Drilling down, we see that 107 coins we’re tracking were up while 27 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. 17 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.

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Key Price Technicals in the Crypto Market

Here’s a list of the specific coins that crossed their key moving average level: Storj, Enigma, AppCoins, Moeda Loyalty Points, Crypto.com, BQX, Streamr DATAcoin, Quantstamp, NULS, Bluzelle, YOYO, Decentraland, Basic Attention Token, Loopring, Po.et, Power Ledger, Lunyr. Likewise, volatility has continued to trend lower and contract for 91 of the 134 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. 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?

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Article by SixJupiter

SixJupiter

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