Yesterday’s Movers and Shakers

Since yesterday, the coin that fared the best out of the 133 coins in our index was Loopring, whose price is up 21.71%. Other notable currencies were Nano, Horizen, and Aion, which experienced daily returns of 10.28%, 8.78%, and 7.33% respectively. 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 down -1.0664%. On a more granular level, 23% of the coins we’re tracking were up while 77% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 8 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.

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Which Currencies Had Major Price Moves?

Those 8 coins are: Loopring, Aeron, GXS, Populous, Aion, Wanchain, Horizen, Skycoin. Likewise, volatility has continued to trend lower and contract for 24 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

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Article by SixJupiter

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