The Big Winners From Yesterday
Over the past day, the top performing coin out of the 133 coins we are tracking was THETA, which offered a day-over-day return 6.72%. The next three best performing currencies were Request, Status, and Litecoin, which gave holders daily returns of 6.49%, 4.59%, and 4.52%. 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.
The Crypto Big Picture
Since yesterday, the average change in the price of coins in our index was a move down -1.8659%. On a more granular level, 21% of the coins we’re tracking were up while 79% of the coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. 16 coins have crossed their 20 day moving average over the past 24 hours; these currencies may be of interest to traders interested in strategies involving trading around the 20 day moving average.
Key Price Technicals in the Crypto Market
Here’s a list of the specific coins that crossed their key moving average level: EOS, Status, Kyber Network, Moeda Loyalty Points, Enigma, Request, XRP, Storj, BitShares, AdEx, Cardano, Cindicator, Litecoin, Horizen, Selfkey, Nebulas. Also of note is that 121 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?
Article by SixJupiter