Six Major Cryptocurrencies Now Trading Above 200-Day Moving Averages
Recent data indicates a bullish trend in the cryptocurrency market, with at least six of the top 10 tokens by market value trading above their 200-day simple moving averages (SMA). This metric is considered a key indicator of long-term trends. The following tokens are currently above their 200-day SMAs:
In contrast, ETH, SOL, DOGE, and LINK remain below their 200-day SMAs. This marks an improvement from late April, when only XRP, BTC, and TRX were above this threshold. The expansion of the bull market suggests increasing investor confidence.