#AltcoinSeasonLoading

Altcoin season might be on the horizon, according to chart patterns. The crypto total market cap is flashing a familiar pattern, similar to 2020, which could signal a massive breakout. Here's what's happening ¹:

- *Breakout and Retest*: The market cap broke out from a multi-month downtrend and is now retesting the previous resistance zone, which has flipped into support near $2.8-3.0 trillion.

- *Altcoin Supercycle*: In 2020, this setup marked the start of an altcoin supercycle, where altcoins delivered massive returns after Bitcoin led the charge.

- *Key Indicators*: Watch the ETH/BTC ratio for signs of altcoin strength, and keep an eye on Layer 1 and Layer 2 tokens, which often lead early in altcoin runs.

- *Strategy*: Position building in fundamentally strong altcoins with staggered entries during consolidation phases, while maintaining risk management, could be a good approach.