The Big Winners From Yesterday

Since yesterday, the coin that fared the best out of the 133 coins in our index was Dent, whose price is up 19.76%. The next three best performing currencies were Lunyr, Aeron, and Dash, which gave holders daily returns of 17%, 15.28%, and 8.2%. 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

Since yesterday, the average change in the price of coins in our index was a move up 0.0235%. Drilling down, we see that 67 coins we’re tracking were up while 66 coins were down. The chart below shows the average daily change for all the coins in our index over time. 20 coins are especially close to their 20 day moving average, and thus may be worth watching for technical traders who view the 20 day moving average as a key support/resistance level.

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Currencies With Significant Price Moves

The coins that crossed their moving average are: district0x, OmiseGO, IOTA, Monetha, TRON, Power Ledger, Basic Attention Token, Aeron, Genesis Vision, Po.et, Decentraland, Stellar, Lunyr, PIVX, POA Network, WePower, Golem, Augur, SingularityNET, Pundi X. 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?

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Article by SixJupiter

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