The Big Winners From Yesterday
Since yesterday, the coin that fared the best out of the 133 coins in our index was POA Network, whose price is up 12.07%. Rounding out the top four currencies for the day were Syscoin, Viberate, and Nano, which provided holders with returns of 6.72%, 6.37%, and 6.31% for the day. 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.
A Macro View of the Crypto Market
In the past day, the average percent change in price for the coins in our index was a move up 0.4238%. On a more granular level, 57% of the coins we’re tracking were up while 43% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 19 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.
Key Price Technicals in the Crypto Market
Those 19 coins are: Kyber Network, Streamr DATAcoin, IoTeX, Ontology, Monero, Bancor, Nano, POA Network, VeChain, Ark, Dock, SingularityNET, Enjin Coin, Time New Bank, AirSwap, Nucleus Vision, Loopring, Horizen, Syscoin. Volatility traders may also wish to note that NA 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. 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