Yesterday’s Movers and Shakers
Over the past day, the top performing coin out of the 133 coins we are tracking was iExec RLC, which offered a day-over-day return 6.22%. Rounding out the top four currencies for the day were Crypto.com, Aion, and AdEx, which provided holders with returns of 5.13%, 2.33%, and 2.1% 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.
A Macro View of the Crypto Market
Overall, the average change in coin price for the coins we’re tracking was down -2.5744%. Specifically, 22 coins in our index were up while 111 were down. Below we can see the average daily change for the coins we are tracking our index over time. Since yesterday, 2 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in.
Which Currencies Had Major Price Moves?
Here’s a list of the specific coins that crossed their key moving average level: Komodo, Storm. Volatility traders may also wish to note that many 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?
Article by SixJupiter