Top Performers and Notable Moves
Since the previous day, the coin whose price performed the best out of the 134 coins we are observing was Skycoin, which gave its holders a 54.37% day-over-day return. The next three best performing currencies were NEM, Verge, and VIBE, which gave holders daily returns of 38.84%, 35.08%, and 34.58%. 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.
Was the Crypto Market as a Whole Up or Down?
Since yesterday, the average change in the price of coins in our index was a move up 13.4369%. On a more granular level, 99% of the coins we’re tracking were up while 1% of the coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 36 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
The coins that crossed their moving average are: OAX, district0x, Crypto.com, SingularDTV, Metal, Monetha, AirSwap, Request, Enjin Coin, Ambrosus, BlockMason Credit Protocol, Aeron, Genesis Vision, Blox, Etherparty, AdEx, Populous, ETHLend, Tael, Time New Bank, Gifto, OST, Neblio, NavCoin, VIBE, Insolar, PIVX, POA Network, WePower, QLC Chain, Syscoin, Skycoin, IoTeX, Nexus, Dock, Red Pulse Phoenix. Also of note is that 64 of the 134 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 1 coins trading below their 20 day moving average and exhibiting contracting volatility. Are these coins ready for a rally?
Article by SixJupiter