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.
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.
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?
Article by SixJupiter