The Big Winners From Yesterday
Over the past day, the top performing coin out of the 133 coins we are tracking was Tierion, which offered a day-over-day return 10.4%. Other notable currencies were Storj, SingularityNET, and Groestlcoin, which experienced daily returns of 7.61%, 7.5%, and 6.17% respectively. 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.
The Crypto Big Picture
In the past day, the average percent change in price for the coins in our index was a move up 0.0638%. Drilling down, we see that 56 coins we’re tracking were up while 77 coins were down. The chart below shows the average daily change for all the coins in our index over time. 4 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.
Currencies With Significant Price Moves
The coins that crossed their moving average are: Binance Coin, SingularityNET, Lisk, TRON. Volatility traders may also wish to note that 6 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?
Article by SixJupiter