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?

READ  Monetha, Chainlink, CyberMiles and Eidoo Top the Crypto Charts; Coins as a Whole Down 0.19% Overall, 33 Coins Cross Key Moving Average

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Article by SixJupiter

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