Definition ∞ A 730-day Simple Moving Average (SMA) is a technical analysis indicator representing the average price of an asset over 730 consecutive days. This long-term average smooths out price fluctuations, revealing sustained trends in digital asset markets. It provides a macro perspective on an asset’s price trajectory, helping to identify long-term support or resistance levels. Market participants use it to assess the underlying momentum and health of a cryptocurrency over a two-year period.
Context ∞ The 730-day SMA is often cited in crypto news to gauge the long-term market sentiment for assets like Bitcoin or Ethereum. Analysts frequently refer to its position relative to current prices to determine if a market is in a sustained bull or bear phase. A key discussion point involves its utility in filtering out short-term market noise to focus on foundational price movements, providing a reliable benchmark for significant investment decisions.
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