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 Lunyr, which gave its holders a 10.89% day-over-day return. Rounding out the top four currencies for the day were iExec RLC, VeChain, and Request, which provided holders with returns of 7.87%, 7.69%, and 6.46% for the day. These moves were notable not only for their magnitude relative to other coins, but also because they were large and surprising relative to the volatility of each of these currencies over 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 -3.1985%. Specifically, 20 coins in our index were up while 113 were down. Below we can see the average daily change for the coins we are tracking our index over time. 22 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 22 coins are: Qtum, EOS, Bancor, SONM, NEO, IOTA, Ethereum Classic, Enigma, Dash, XRP, Ripio Credit Network, Ambrosus, BitShares, Bitcoin Diamond, Litecoin, Waves, Bread, Ontology, NEM, Horizen, THETA, Nebulas. Also of note is that 93 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. Going further, below is a chart showing 4 currencies with contracting volatility that are trading below their 20 day moving average. Is this a technical sign the sellers are exhausted and the market for these coins is ready for a rally?

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Article by SixJupiter

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