Top Performers and Notable Moves
Since yesterday, the coin that fared the best out of the 133 coins in our index was Waltonchain, whose price is up 45.02%. Rounding out the top four currencies for the day were Populous, Storj, and VIBE, which provided holders with returns of 22.75%, 17.79%, and 11.5% for the day. 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.
A Macro View of the Crypto Market
In the past day, the average percent change in price for the coins in our index was a move up 0.8827%. Drilling down, we see that 77 coins we’re tracking were up while 56 coins were down. The chart below shows the average daily change for all the coins in our index over time. Since yesterday, 12 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 12 coins are: Crypto.com, OmiseGO, Metal, Monetha, Enigma, AirSwap, YOYO, Storj, NULS, Viacoin, Nucleus Vision, Selfkey. Likewise, volatility has continued to trend lower and contract for NA of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. 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