The bullish trend in the crypto market is expanding, with more tokens joining Bitcoin in its upward momentum.

According to the latest data, at least six of the top 10 cryptocurrencies by market cap—excluding stablecoins—are now trading above their 200-day simple moving averages (SMA), a key technical indicator used to identify long-term trends. A sustained move above this average is often seen as a sign of bullish momentum.

Currently, XRP, Bitcoin (BTC), BNB, ADA, TRX, and SUI are all trading above their respective 200-day SMAs, signaling a strong bull market. Meanwhile, Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Chainlink (LINK) remain below their 200-day averages, according to TradingView.

This marks an improvement from the end of April when only XRP, BTC, and TRX were above their 200-day SMAs. Just four weeks ago, XRP and TRX were the only ones maintaining positions above this critical indicator.

This shift points to an expanding bull market, suggesting that investor confidence is increasing across a wider range of cryptocurrencies.