The Big Winners From Yesterday
Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was iExec RLC, which gave its holders a 23.54% day-over-day return. Rounding out the top four currencies for the day were Moeda Loyalty Points, Agrello, and Bread, which provided holders with returns of 8.99%, 8.47%, and 4.41% for the day. 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.
A Macro View of the Crypto Market
Since yesterday, the average change in the price of coins in our index was a move down -1.2333%. On a more granular level, 38% of the coins we’re tracking were up while 62% of the coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. 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.
Key Price Technicals in the Crypto Market
Here’s a list of the specific coins that crossed their key moving average level: Qtum, SingularDTV, Moeda Loyalty Points, Ethereum Classic, Enigma, XRP, Monero, Agrello, Bread, NavCoin, iExec RLC, Nano, Aeternity, Wanchain, Syscoin, Golem, SingularityNET, Streamr DATAcoin, Siacoin, Ethereum. Also of note is that 120 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. 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