The crypto market is recovering from this week’s brutal sell-off, and analysts say 3 key metrics suggest an altcoin season could be on the way.
According to crypto traders, many altcoins are currently displaying some “bullish patterns” that, if they play out as expected, could soon see the market enter an “up-only season. "
“Altcoin Season Index has been forming one of the most bullish patterns for 3.5 years,” pseudonymous analyst Moustache declared in an Oct. 11 post on X.
The analyst was referring to an inverse head-and-shoulders (IH&S) chart pattern that had formed on Blockchaincenter’s Altcoin Season Index chart between 2022 and 2024.
