DecentralPost

Holo, Nano, Bread and Blox Fare the Best in Crypto; Coins in Total Down 3.8% Overall, 42 Coins Have Contracting Volatility

Top Performers and Notable Moves

Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was Holo, which gave its holders a 9.83% day-over-day return. Rounding out the top four currencies for the day were Nano, Bread, and Blox, which provided holders with returns of 5.56%, 5.49%, and 4.88% for the day. 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.

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 down -3.7962%. On a more granular level, 18% of the coins we’re tracking were up while 82% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 3 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.

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

Currencies With Significant Price Moves

Those 3 coins are: Decentraland, Nexus, IOST. Likewise, volatility has continued to trend lower and contract for 42 of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. 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?


Trade while you sleep with two of the cryptocurrency bots on the market - Cryptohopper or Tradesanta.


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

Article by SixJupiter

SixJupiter

Add comment

Your Header Sidebar area is currently empty. Hurry up and add some widgets.