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.

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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.

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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?

READ  QuarkChain, Blox, Gifto and Holo Top the Crypto Charts; Coins in Aggregate Down 1.03% Overall, NA Coins Have Contracting Volatility

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Article by SixJupiter

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