Yesterday’s Movers and Shakers
Over the past day, the top performing coin out of the 133 coins we are tracking was FunFair, which offered a day-over-day return 18.74%. The next three best performing currencies were Basic Attention Token, Stellar, and Siacoin, which gave holders daily returns of 12.03%, 10.2%, and 9.6%. The moves in all these coins were a bit surprising, in that they were well outside of the trading range normally associated with each of the currencies in question.
The Crypto Big Picture
In the past day, the average percent change in price for the coins in our index was a move up 2.0258%. Specifically, 97 coins in our index were up while 36 were down. The chart below shows the average daily change for all the coins in our index over time. 1 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.
Currencies With Significant Price Moves
Here’s a list of the specific coins that crossed their key moving average level: THETA. Volatility traders may also wish to note that 5 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?
Article by SixJupiter