Yesterday’s Movers and Shakers

Over the past day, the top performing coin out of the 133 coins we are tracking was Populous, which offered a day-over-day return 15.58%. Other notable currencies were Golem, Raiden Network Token, and Power Ledger, which experienced daily returns of 15.18%, 14.62%, and 13.67% 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.

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 up 3.9064%. On a more granular level, 95% of the coins we’re tracking were up while 5% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 2 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.

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

Key Price Technicals in the Crypto Market

The coins that crossed their moving average are: BQX, Populous. Also of note is that 6 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 4 coins trading below their 20 day moving average and exhibiting contracting volatility. Are these coins 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

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