The Big Winners From Yesterday
Since yesterday, the coin that fared the best out of the 133 coins in our index was WePower, whose price is up 29.09%. Other notable currencies were Chainlink, CyberMiles, and Dock, which experienced daily returns of 17.79%, 12.69%, and 10.42% respectively. 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
Overall, the average change in coin price for the coins we’re tracking was down -0.9026%. On a more granular level, 35% of the coins we’re tracking were up while 65% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 26 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.
Key Price Technicals in the Crypto Market
Those 26 coins are: ETHLend, district0x, Ripio Credit Network, Request, Groestlcoin, VIBE, Tael, Lunyr, Quantstamp, Streamr DATAcoin, Bancor, Viacoin, Ambrosus, AdEx, Crypto.com, SONM, AirSwap, 0x, Nano, Raiden Network Token, SingularDTV, Status, Aeternity, Populous, Cindicator, Loopring. Volatility traders may also wish to note that NA of the 133 we are monitoring have had their volatility contract over the past two weeks. Contracting volatility often leads to a big move in price, so this may be something to monitor. 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