Top Performers and Notable Moves

Since yesterday, the coin that fared the best out of the 133 coins in our index was Insolar, whose price is up 20.49%. Rounding out the top four currencies for the day were Tael, Decentraland, and Ark, which provided holders with returns of 18.14%, 13.08%, and 7.98% for the day. 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.

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The Crypto Big Picture

Overall, the average change in coin price for the coins we’re tracking was up 0.3263%. Drilling down, we see that 55 coins we’re tracking were up while 78 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. 10 coins have crossed their 20 day moving average over the past 24 hours; these currencies may be of interest to traders interested in strategies involving trading around the 20 day moving average.

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Currencies With Significant Price Moves

Here’s a list of the specific coins that crossed their key moving average level: Stratis, Decentraland, Ardor, ICON, Ark, district0x, Syscoin, Po.et, Groestlcoin, IOTA. Likewise, volatility has continued to trend lower and contract for 26 of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. 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?

READ  NEO, Verge, GXS and Nebulas Fare the Best in Crypto; Coins as a Whole Up 3.48% Overall, 44 Coins Make Surprising Moves

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Article by SixJupiter

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