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 IOST, which gave its holders a 18.03% day-over-day return. Rounding out the top four currencies for the day were Eidoo, DigixDAO, and Binance Coin, which provided holders with returns of 14.63%, 12.65%, and 11.12% 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.
The Crypto Big Picture
Overall, the average change in coin price for the coins we’re tracking was down -2.6446%. Drilling down, we see that 25 coins we’re tracking were up while 108 coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 5 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.
Currencies With Significant Price Moves
The coins that crossed their moving average are: Binance Coin, Chainlink, Moeda Loyalty Points, Request, iExec RLC. Likewise, volatility has continued to trend lower and contract for 78 of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. 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