Yesterday’s Movers and Shakers
Since yesterday, the coin that fared the best out of the 133 coins in our index was VeChain, whose price is up 37.34%. The next three best performing currencies were HyperCash, Blox, and Nucleus Vision, which gave holders daily returns of 29.04%, 25.36%, and 15.47%. 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.
Was the Crypto Market as a Whole Up or Down?
Since yesterday, the average change in the price of coins in our index was a move up 0.8261%. On a more granular level, 49% of the coins we’re tracking were up while 51% of the coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 8 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
Those 8 coins are: Po.et, Lisk, Insolar, Nucleus Vision, Golem, THETA, Nexus, VeChain. Also of note is that NA of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. The chart below drills down a bit more, featuring 4 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom?
Article by SixJupiter