#AltcoinSeasonLoading Altcoin season might be on the horizon, according to various market indicators and analyst predictions. Here's what's happening¹ ²:

- *Bitcoin Dominance*: Bitcoin's dominance is facing resistance and potential reversal, signaling a possible shift toward altcoins. Analysts note that each contact with this resistance has resulted in a rejection, followed by a significant decline and a strong altcoin rally.

- *Altcoin Trading and Activity*: Altcoin trading volumes are rising, with Ethereum's on-chain engagement showing increased user activity. This suggests early signs of market rotation from Bitcoin to alternative digital assets.

- *Market Predictions*: Some analysts predict 50x gains in altcoins, while others caution that a full altcoin season has yet to emerge. The CoinMarketCap Altcoin Season Index currently stands at 22, indicating the market is still predominantly bearish toward altcoins over Bitcoin.

*Key Factors to Watch*

- *Bitcoin's Price Movement*: Bitcoin's price surge and potential break above $110,000 could trigger capital rotation toward altcoins.

- *Altcoin Market Cap*: The altcoin market cap is forming a bullish megaphone pattern, indicating a potential rebound.

- *Ethereum's Performance*: Ethereum's price action and dominance ratio could signal altcoin strength.

*Top Gainers*

- *WIF*: Up 42% in the past week, driven by dog-themed and Solana-based interest.

- *ONDO*: Up 38%, fueled by real-world asset growth.

- *PEPE*: Up 29%, maintaining its popularity in the meme coin space.³