Is an Altcoin Surge on the Horizon? Analyst Observes Pattern of Past Market Wildness

Despite a couple of altcoins painting new all-time highs, the anticipated altseason, a short period when capital shifts from Bitcoin to altcoins spurring significant price increases, hasn't really materialized. Other than a few altcoins like SOL and BNB, the general trend hasn't transitioned into an altseason phase.

Prominent altcoins like ETH have underperformed and are trading at multi-year lows. This has led to a surge in Bitcoin's dominance, with the altcoin season index falling below 20, a stage thought to precede major market movements.

Notably, The Moon Show's X channel released a chart indicating that April 2025 could be the calm before the storm, with the index nearing 'historical lows', a pattern that has typically been followed by altcoin rallies.