The Big Winners From Yesterday
Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was Wanchain, which gave its holders a 29.25% day-over-day return. The next three best performing currencies were ICON, FunFair, and QLC Chain, which gave holders daily returns of 20.98%, 18.49%, and 17.26%. These moves were quite significant, in the sense that they were well outside of the volatility each of the respective coins had seen for the past two weeks.
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 4.8229%. On a more granular level, 90% of the coins we’re tracking were up while 10% of the coins were down. The chart below shows the average daily change for all the coins in our index over time. 22 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.
Currencies With Significant Price Moves
Here’s a list of the specific coins that crossed their key moving average level: BQX, FunFair, Moeda Loyalty Points, Monetha, Enigma, Enjin Coin, Storj, Quantstamp, AdEx, Aave, ICON, OST, Aion, Insolar, Bluzelle, Wanchain, WePower, QLC Chain, Golem, Loom Network, Nexus, Ardor. Also of note is that 60 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