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Tael, Po.et, Enjin Coin and SingularityNET Fare the Best in Crypto; Coins as a Whole Down 0.94% Overall, 17 Coins Cross Key Moving Average

The Big Winners From Yesterday

Over the past day, the top performing coin out of the 133 coins we are tracking was Tael, which offered a day-over-day return 11.89%. Rounding out the top four currencies for the day were Po.et, Enjin Coin, and SingularityNET, which provided holders with returns of 8.21%, 7.67%, and 7.58% for the day. These moves were quite significant, in the sense that they were well outside of the volatility each of the respective coins had seen for the past two weeks.

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

A Macro View of the Crypto Market

In the past day, the average percent change in price for the coins in our index was a move down -0.939%. Drilling down, we see that 51 coins we’re tracking were up while 82 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. 17 coins are especially close to their 20 day moving average, and thus may be worth watching for technical traders who view the 20 day moving average as a key support/resistance level.

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

Key Price Technicals in the Crypto Market

Here’s a list of the specific coins that crossed their key moving average level: OAX, SONM, Ethereum Classic, Enjin Coin, Aeron, Po.et, Cindicator, ICON, OST, Neblio, AppCoins, VIBE, PIVX, Bluzelle, QLC Chain, QuarkChain, Nexus. Volatility traders may also wish to note that 48 of the 133 we are monitoring have had their volatility contract over the past two weeks. Contracting volatility often leads to a big move in price, so this may be something to monitor. Going further, below is a chart showing 4 currencies with contracting volatility that are trading below their 20 day moving average. Is this a technical sign the sellers are exhausted and the market for these coins is ready for a rally?


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

Article by SixJupiter

SixJupiter

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