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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.
Authors credited by the source: Omkar Godbole
Published by Holder based on an external source.
