Yesterday’s Movers and Shakers
Over the past day, the top performing coin out of the 133 coins we are tracking was OST, which offered a day-over-day return 16.39%. Rounding out the top four currencies for the day were Pundi X, Nucleus Vision, and IOTA, which provided holders with returns of 13.4%, 12.58%, and 9.78% 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.
Was the Crypto Market as a Whole Up or Down?
Overall, the average change in coin price for the coins we’re tracking was down -2.4182%. Drilling down, we see that 23 coins we’re tracking were up while 110 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. 4 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.
Key Price Technicals in the Crypto Market
Here’s a list of the specific coins that crossed their key moving average level: Tael, DigixDAO, Aion, Basic Attention Token. Likewise, volatility has continued to trend lower and contract for 29 of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. 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