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* Increased Trading Volumes: Alongside price increases, trading volumes for various altcoins have seen a significant surge, indicating renewed investor interest and activity in these assets.

* Technical Indicators: Some technical analyses suggest that altcoins are showing relative strength against Bitcoin, with charts indicating a potential reversal of the previous underperformance. The OTHERS/BTC chart, which represents the combined performance of altcoins against Bitcoin, suggests a possible end to a five-wave decline, hinting at a potential upward trend for altcoins.

* Social Sentiment and FOMO: Increased discussion and positive sentiment surrounding altcoins on social media and news outlets can also be an indicator of a developing altcoin season, as retail investors begin to show more