Top Performers and Notable Moves
Over the past day, the top performing coin out of the 133 coins we are tracking was CyberMiles, which offered a day-over-day return 62.77%. The next three best performing currencies were BQX, SONM, and Decentraland, which gave holders daily returns of 30.69%, 18.51%, and 16.97%. 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 1.6201%. Drilling down, we see that 75 coins we’re tracking were up while 58 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: BQX, Monetha, YOYO, NULS, BlockMason Credit Protocol, Decentraland, NEM, QuarkChain, Nebulas, Ardor, VeChain. Volatility traders may also wish to note that NA 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. 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?
Article by SixJupiter