Yesterday’s Movers and Shakers
Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was Tierion, which gave its holders a 44.43% day-over-day return. Other notable currencies were AirSwap, Streamr DATAcoin, and Etherparty, which experienced daily returns of 41.23%, 19.56%, and 15.99% respectively. 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.
The Crypto Big Picture
Overall, the average change in coin price for the coins we’re tracking was down -1.0941%. Drilling down, we see that 45 coins we’re tracking were up while 88 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 9 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: Komodo, Basic Attention Token, Lisk, DigixDAO, Neblio, IOST, Nano, Viacoin, Mainframe. Likewise, volatility has continued to trend lower and contract for 13 of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. 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