Top Performers and Notable Moves
Over the past day, the top performing coin out of the 133 coins we are tracking was Streamr DATAcoin, which offered a day-over-day return 27.36%. The next three best performing currencies were 0x, SingularityNET, and Bread, which gave holders daily returns of 7.45%, 6.16%, and 5.91%. 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?
Since yesterday, the average change in the price of coins in our index was a move down -2.8862%. Specifically, 19 coins in our index were up while 114 were down. The chart below shows the average daily change for all the coins in our index over time. Since yesterday, 2 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.
Currencies With Significant Price Moves
Here’s a list of the specific coins that crossed their key moving average level: Bread, SingularityNET. Likewise, volatility has continued to trend lower and contract for 10 of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. The chart below drills down a bit more, featuring 4 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom?
Article by SixJupiter