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VeChain, HyperCash, Blox and Nucleus Vision Fare the Best in Crypto; Coins in Total Up 0.83% Overall, 8 Coins Cross Key Moving Average

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.

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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.

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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?


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Article by SixJupiter

SixJupiter

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