Without a doubt, when a pair starts to move (trade) above MA200 it enters bullish territory; bullish long-term.
There can always be a rejection, this is always possible. A pair can move above MA200 just to be rejected later producing a failed signal. This can happen. But the chart provides enough information for us to know if a move is weak or strong. A weak move can be reversed, a strong one cannot.
Look at the left side of the chart, PYRUSDT (Vulcan Forged) moved above MA200 and then below while consolidating sideways. Before the start of the bullish wave, high volume is present coupled with several days green. We have the same today.
Notice that the break above MA200 (present day —right side of the chart) is coupled with sustained bullish action and rising volume. This also happened back in late 2023 before a mild bullish wave. Seeing the strength of the 2024 correction and the lower low, the next bullish wave will be many times stronger than the previous one.
While some Altcoins move down, others will be moving up.
Remember, retraces are nothing more than an opportunity to be able to once more buy low. When prices drop, that's the time to buy. The market will always offer opportunities to go LONG and to go SHORT. We are focusing on the LONG side, bullish—up, because we are now in post 2024 correction phase where everything will start to grow. Load up in 2024, profit in 2025 and enjoy.
Namaste.