Early altseason signs emerge as altcoins begin to show bullish signs
Summary
Crypto analysts suggest that the altcoin market is showing early signs of recovery, driven by increased trading volumes on centralized exchanges and a strengthening TOTAL2 market structure. Metrics such as the percentage of altcoins trading above their 200-day moving average and a rising AltSeason Index indicate a possible rotation of capital from Bitcoin into smaller tokens. While some experts believe an altseason is beginning, they caution that current indicators remain below historical thresholds, and Bitcoin dominance remains high, suggesting that a full-scale rally is not yet confirmed.
(Source:Cointelegraph)