Bullish forces are making a strong comeback! Bull market signals in the crypto market continue to strengthen.

In the wave of the cryptocurrency market, bullish forces are making a strong return. This round of price increase is by no means a solo act by Bitcoin (BTC); a comprehensive market recovery is quietly unfolding.

Latest data shows that among the top ten tokens by cryptocurrency market capitalization (excluding stablecoins), at least six tokens have successfully traded above their 200-day Simple Moving Average (SMA). As an important long-term trend indicator widely recognized by industry giants like Coinbase and many investors, the 200-day SMA has always been seen as a key 'barometer' for judging market direction. Once a token's price remains consistently above this average, it often indicates strong bullish momentum and a positive market outlook.

As of the time of writing, the trading prices of cryptocurrencies such as XRP, BTC, BNB, ADA, TRX, and SUI are all stable above their respective 200-day SMAs, signaling a strong bull market. However, market differentiation still exists, with cryptocurrencies like ETH, SOL, DOGE, and LINK currently lingering below their 200-day SMAs, as confirmed by TradingView data.

It is noteworthy that the market landscape has changed significantly compared to the end of April. At that time, only three tokens—XRP, BTC, and TRX—had prices that broke above the 200-day SMA; four weeks ago, only XRP and TRX were holding above that average. Now, more tokens have joined the 'moving average breakout camp', clearly indicating that the influence of the bull market is rapidly expanding and is no longer limited to just a few leading tokens.

Behind this data reflects that investor confidence is continuously strengthening. As more and more cryptocurrencies show strong upward momentum, the overall market's optimism is also continuing to rise, perhaps signaling that a more spectacular bull market is brewing.