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 Moeda Loyalty Points, which gave its holders a 22.22% day-over-day return. Rounding out the top four currencies for the day were Insolar, Blox, and BQX, which provided holders with returns of 15.11%, 10.15%, and 8.95% for the day. The moves in all these coins were a bit surprising, in that they were well outside of the trading range normally associated with each of the currencies in question.
Was the Crypto Market as a Whole Up or Down?
In the past day, the average percent change in price for the coins in our index was a move down -1.7402%. Specifically, 28 coins in our index were up while 105 were down. Below we can see the average daily change for the coins we are tracking our index over time. Since yesterday, 4 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in.
Which Currencies Had Major Price Moves?
Here’s a list of the specific coins that crossed their key moving average level: Monetha, Moeda Loyalty Points, THETA, Chainlink. Also of note is that 47 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. The chart below drills down a bit more, featuring 4 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom?
Article by SixJupiter