Yesterday’s Movers and Shakers

Since yesterday, the coin that fared the best out of the 133 coins in our index was NEO, whose price is up 22.9%. Rounding out the top four currencies for the day were Verge, GXS, and Nebulas, which provided holders with returns of 17.83%, 17.21%, and 12.87% for the day. These moves were notable not only for their magnitude relative to other coins, but also because they were large and surprising relative to the volatility of each of these currencies over the past two weeks.

Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

A Macro View of the Crypto Market

Overall, the average change in coin price for the coins we’re tracking was up 3.4847%. Drilling down, we see that 107 coins we’re tracking were up while 26 coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 17 coins have crossed their 20 day moving average over the past 24 hours; these currencies may be of interest to traders interested in strategies involving trading around the 20 day moving average.

Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Currencies With Significant Price Moves

Here’s a list of the specific coins that crossed their key moving average level: Crypto.com, Loopring, Stratis, Verge, Power Ledger, Storj, Waves, aelf, Lunyr, PIVX, Steem, Nano, POA Network, Civic, Siacoin, Pundi X, Holo. Likewise, volatility has continued to trend lower and contract for NA of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. Going further, below is a chart showing 4 currencies with contracting volatility that are trading below their 20 day moving average. Is this a technical sign the sellers are exhausted and the market for these coins is ready for a rally?

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Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Article by SixJupiter

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