Yesterday’s Movers and Shakers
Since yesterday, the coin that fared the best out of the 133 coins in our index was POA Network, whose price is up 34.33%. Other notable currencies were Skycoin, Dent, and TRON, which experienced daily returns of 24.08%, 22.54%, and 19.25% 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.
The Crypto Big Picture
Since yesterday, the average change in the price of coins in our index was a move up 2.6187%. Drilling down, we see that 84 coins we’re tracking were up while 49 coins were down. The chart below shows the average daily change for all the coins in our index over time. Since yesterday, 2 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.
Which Currencies Had Major Price Moves?
Here’s a list of the specific coins that crossed their key moving average level: Basic Attention Token, DigixDAO. Also of note is that 17 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 2 coins trading below their 20 day moving average and exhibiting contracting volatility. Are these coins ready for a rally?
Article by SixJupiter