Yesterday’s Movers and Shakers
Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was Nano, which gave its holders a 25.13% day-over-day return. The next three best performing currencies were Blox, Litecoin, and Augur, which gave holders daily returns of 16.87%, 15.78%, and 14.7%. 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 up 6.3741%. Drilling down, we see that 132 coins we’re tracking were up while 1 coins were down. The chart below shows the average daily change for all the coins in our index over time. Since yesterday, 0 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
The coins that crossed their moving average are: NA. Also of note is that 8 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