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Ripio Credit Network, Dock, NavCoin and DigixDAO Top All Cryptos; Coins as a Whole Down 11.45% Overall, 13 Coins Cross Key Moving Average

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.

Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

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.

Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

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?


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Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Article by SixJupiter

SixJupiter

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