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.

Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

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.

Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

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?

READ  AdEx, DigixDAO, 0x and Zcash Top All Cryptos; Coins in Total Down 4.57% Overall, 18 Coins Cross Key Moving Average

Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Article by SixJupiter

LEAVE A REPLY

Please enter your comment!
Please enter your name here