Top Performers and Notable Moves
Over the past day, the top performing coin out of the 133 coins we are tracking was Komodo, which offered a day-over-day return 20.59%. The next three best performing currencies were Everex, Dent, and NavCoin, which gave holders daily returns of 14.55%, 12.45%, and 12.17%. 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.
A Macro View of the Crypto Market
Overall, the average change in coin price for the coins we’re tracking was up 2.355%. Drilling down, we see that 99 coins we’re tracking were up while 34 coins were down. The chart below shows the average daily change for all the coins in our index over time. 15 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.
Which Currencies Had Major Price Moves?
The coins that crossed their moving average are: BQX, SONM, Verge, Enigma, Power Ledger, Ark, Zcoin, CyberMiles, Tael, aelf, Bread, Nano, Groestlcoin, Selfkey, Mainframe. Likewise, volatility has continued to trend lower and contract for 75 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