Yesterday’s Movers and Shakers
Since yesterday, the coin that fared the best out of the 133 coins in our index was Monetha, whose price is up 48.94%. Rounding out the top four currencies for the day were Chainlink, CyberMiles, and Eidoo, which provided holders with returns of 32.03%, 24.57%, and 14.65% 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.
The Crypto Big Picture
Since yesterday, the average change in the price of coins in our index was a move down -0.1922%. Specifically, 38 coins in our index were up while 95 were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 33 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.
Key Price Technicals in the Crypto Market
Here’s a list of the specific coins that crossed their key moving average level: Bancor, district0x, OmiseGO, BQX, Moeda Loyalty Points, AirSwap, Request, Power Ledger, Enjin Coin, Ripio Credit Network, Genesis Vision, Po.et, Quantstamp, Lisk, Decentraland, Bitcoin Diamond, CyberMiles, ICON, Neblio, AppCoins, iExec RLC, Viacoin, Nucleus Vision, POA Network, Ontology, QLC Chain, Syscoin, Horizen, THETA, SingularityNET, VeChain, Dock, Bitcoin. Also of note is that NA 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