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.

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

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.

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

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?

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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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