Crypto analyst Benjamin Cowen has shared indicators suggesting a developing bullish momentum in the cryptocurrency market. He posted a graphic showing the total crypto market cap fair value logarithmic regression trendline, indicating that the market could still see significant upside momentum. Breaking above the mid-line on the trendline has historically coincided with past crypto market bull runs. Cowen also posted the Advance Decline Index (ADI), which shows a divergence between the ADI and the market trend. However, the daily ADI is now reversing and moving in the same direction as the total crypto market cap. Combining these indicators suggests a bull run may be on the horizon. Cowen advises considering macroeconomic factors and sociopolitical developments to assess the actual state of the crypto market.



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