#AltcoinSeasonLoading

Altcoin season might be on the horizon, according to chart patterns and market analysis. Here are some key points to consider:

*Market Setup:*

- A 7-year trendline is holding strong, and a 4-year resistance is near breaking point, which could lead to a massive breakout.

- The crypto total market cap is flashing a familiar pattern, similar to 2020, which marked the start of an altcoin supercycle.

*Indicators to Watch:*

- *ETH/BTC Ratio*: A bounce could signal altcoin strength.

- *Layer 1 & Layer 2 Tokens*: Historically lead early in altcoin runs.

- *Volume Confirmation*: Watch for volume spikes near support zones.

*Strategy:*

- Position building in fundamentally strong altcoins.

- Staggered entries during the consolidation phase.

- Risk management is crucial, with confirmations over assumptions.

Some analysts believe that if the current structure plays out like in 2020, we could witness the early signs of a major altcoin breakout.