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Po.et, Monetha, Aave and Dent Top All Cryptos; Coins in Total Down 1.8% Overall, 80 Coins Have Contracting Volatility

Top Performers and Notable Moves

Over the past day, the top performing coin out of the 133 coins we are tracking was Po.et, which offered a day-over-day return 31.86%. Other notable currencies were Monetha, Aave, and Dent, which experienced daily returns of 31.64%, 13.06%, and 11.78% respectively. 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

Was the Crypto Market as a Whole Up or Down?

In the past day, the average percent change in price for the coins in our index was a move down -1.8%. Specifically, 23 coins in our index were up while 110 were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. 15 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.

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

Which Currencies Had Major Price Moves?

Those 15 coins are: Enigma, Storj, Raiden Network Token, Agrello, Waves, Neblio, NavCoin, PIVX, Steem, Zilliqa, Storm, Groestlcoin, THETA, Selfkey, HyperCash. Likewise, volatility has continued to trend lower and contract for 80 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

SixJupiter

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