Yesterday’s Movers and Shakers
Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was Zilliqa, which gave its holders a 14.84% day-over-day return. Other notable currencies were IoTeX, Basic Attention Token, and BlockMason Credit Protocol, which experienced daily returns of 11.42%, 7.71%, and 7.15% 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.
The Crypto Big Picture
Since yesterday, the average change in the price of coins in our index was a move up 0.0555%. On a more granular level, 56% of the coins we’re tracking were up while 44% of the coins were down. The chart below shows the average daily change for all the coins in our index over time. Since yesterday, 21 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
The coins that crossed their moving average are: Status, Crypto.com, Kyber Network, FunFair, IOTA, Verge, Moeda Loyalty Points, Viberate, Power Ledger, Ripio Credit Network, Ambrosus, Basic Attention Token, Genesis Vision, Cindicator, Waves, Bread, AppCoins, NEM, Loom Network, Augur, IoTeX. 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?
Article by SixJupiter