Six of the top 10 cryptocurrencies now trade above their 200-day moving averages, confirming broader market strength
XRP, Bitcoin (BTC), and other major cryptocurrencies are showing renewed bullish momentum as market breadth improves, signaling growing investor confidence across the digital asset space. According to the latest data from TradingView, at least six of the top 10 cryptocurrencies by market value are now trading above their 200-day simple moving averages (SMA) — a key indicator of long-term uptrends.
Key Highlights:
BTC, XRP, BNB, ADA, TRX, and SUI are all above their 200-day SMA
Indicates a widening bull market beyond Bitcoin
The 200-day SMA is a respected benchmark for identifying long-term trend reversals
Investor sentiment appears to be broadening across the top crypto assets
Only ETH, SOL, DOGE, and LINK remain below the key threshold
Bullish Market Breadth Expands Beyond Bitcoin
The 200-day SMA is considered a vital metric by analysts and institutions like Coinbase, as it reflects the underlying health and direction of an asset over time. When a cryptocurrency sustains a move above this level, it typically suggests that bullish momentum is returning and investor confidence is building.
“The bull market is expanding beyond just Bitcoin,”
the data shows, with multiple altcoins now participating in the rally.
Comparison With April: Market Momentum Accelerates
The improvement in market structure is notable:
End of April: Only XRP, BTC, and TRX traded above their 200-day SMAs
One month ago: Only XRP and TRX were above their long-term average
Now: Six major tokens are in a confirmed long-term uptrend
This acceleration suggests that capital rotation is taking place across the crypto market, as investors seek higher returns beyond just Bitcoin.
