#AltcoinSeasonLoading Altcoin season might be on the horizon, according to recent market trends and analysis. Here are some key points to consider ¹ ²:

- *Bitcoin Dominance*: Bitcoin's dominance has reached 65.70%, its highest level since January 2021. However, this could signal a potential reversal, with some analysts predicting a shift towards altcoins.

- *Altcoin Performance*: Many altcoins have underperformed Bitcoin, with some experiencing significant price drops. This could indicate a potential for growth as investors rotate towards altcoins.

- *Market Patterns*: The altcoin market cap has formed a bullish megaphone pattern, suggesting a potential rebound. Additionally, the Relative Strength Index (RSI) for Bitcoin dominance has reached an overbought level, which could lead to a reversal.

Some potential catalysts for altcoin growth include ¹:

- *Increased Trading Volume*: Rising trading volumes in altcoins could signal growing interest and investment.

- *Layer 1 & Layer 2 Tokens*: These tokens have historically led early altcoin rallies.

- *Volume Confirmation*: Watching for volume spikes near support zones could confirm a potential altcoin season.

Keep in mind that the market is still in its early stages, and caution is advised. The CoinMarketCap Altcoin Season Index currently indicates it's Bitcoin season, with a score of 22 ¹ ³.