Yesterday’s Movers and Shakers
Since yesterday, the coin that fared the best out of the 133 coins in our index was Ripio Credit Network, whose price is up 17.3%. Rounding out the top four currencies for the day were Dock, NavCoin, and DigixDAO, which provided holders with returns of 2.88%, 0.32%, and 0.02% 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.
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 -11.4477%. On a more granular level, 3% of the coins we’re tracking were up while 97% of the coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 13 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.
Key Price Technicals in the Crypto Market
Those 13 coins are: NEO, Metal, Bitcoin Gold, Komodo, Monero, Tierion, Populous, Cindicator, aelf, Neblio, Viacoin, Storm, Siacoin. Also of note is that NA 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?
Article by SixJupiter