Yesterday’s Movers and Shakers

Over the past day, the top performing coin out of the 133 coins we are tracking was HyperCash, which offered a day-over-day return 51.55%. Other notable currencies were Metal, WePower, and Bread, which experienced daily returns of 17.75%, 13.98%, and 12.04% 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.

Find the crypto broker right for you: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

A Macro View of the Crypto Market

Since yesterday, the average change in the price of coins in our index was a move up 1.5888%. On a more granular level, 63% of the coins we’re tracking were up while 37% 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.

Find the crypto broker right for you: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Key Price Technicals in the Crypto Market

The coins that crossed their moving average are: Chainlink, Verge, HyperCash. Volatility traders may also wish to note that 12 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. The chart below drills down a bit more, featuring 4 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom?


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


Find the crypto broker right for you: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Article by SixJupiter

LEAVE A REPLY

Please enter your comment!
Please enter your name here