The Big Winners From Yesterday
Since yesterday, the coin that fared the best out of the 133 coins in our index was Metal, whose price is up 11.91%. The next three best performing currencies were Ethereum Classic, Blox, and Augur, which gave holders daily returns of 5.69%, 4.91%, and 4.86%. 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.
Was the Crypto Market as a Whole Up or Down?
Overall, the average change in coin price for the coins we’re tracking was down -2.2218%. On a more granular level, 15% of the coins we’re tracking were up while 85% 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.
Key Price Technicals in the Crypto Market
Those 8 coins are: Binance Coin, Verge, Metal, Ethereum Classic, Tierion, CyberMiles, WePower, THETA. Also of note is that 34 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. 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