Yesterday’s Movers and Shakers
Since yesterday, the coin that fared the best out of the 133 coins in our index was OAX, whose price is up 26.31%. Other notable currencies were NULS, Holo, and Nebulas, which experienced daily returns of 13%, 10.74%, and 7.68% respectively. 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?
Since yesterday, the average change in the price of coins in our index was a move down -2.0325%. Drilling down, we see that 35 coins we’re tracking were up while 98 coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 17 coins are especially close to their 20 day moving average, and thus may be worth watching for technical traders who view the 20 day moving average as a key support/resistance level.
Currencies With Significant Price Moves
Here’s a list of the specific coins that crossed their key moving average level: Stratis, BQX, Verge, Request, Viberate, Komodo, Basic Attention Token, Aeron, Blox, Tierion, Neblio, Nucleus Vision, Loom Network, THETA, Nebulas, Mainframe, Holo. Volatility traders may also wish to note that 82 of the 133 we are monitoring have had their volatility contract over the past two weeks. Contracting volatility often leads to a big move in price, so this may be something to monitor. 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