Top Performers and Notable Moves
Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was Time New Bank, which gave its holders a 5.06% day-over-day return. Rounding out the top four currencies for the day were Nano, FunFair, and Bitcoin, which provided holders with returns of -1.35%, -1.53%, and -2.14% for the day. 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.
Was the Crypto Market as a Whole Up or Down?
In the past day, the average percent change in price for the coins in our index was a move down -9.2402%. Drilling down, we see that 1 coins we’re tracking were up while 132 coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 12 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.
Which Currencies Had Major Price Moves?
Those 12 coins are: Binance Coin, Chainlink, Ethereum Classic, Everex, Blox, Bitcoin Diamond, DigixDAO, Bread, Lunyr, WePower, QuarkChain, SingularityNET. Also of note is that 15 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