Coins Above/Below Moving Average

The bull-market participation gauge: what share of assets sit above their own 20-week average — the same line the Bull Market Support Band is built on. Above ~80%: broad bull. Below ~20%: broad bear, and historically the washout zone where bottoms form.

This series turns before price at both extremes: bottoms show breadth improving while price still falls (fewer new lows), and tops show breadth decaying while price grinds higher on narrowing leadership.